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Mohit Industries doubles yarn exports in Q1
06 Sep '12
4 min read
As an afterthought, he says, “The Chinese textile exporting industry has become very aggressive in the overseas markets that we compete with each other, so it is becomes very difficult to hang on to the market shares we have seized from them.
On the matter of appreciation of the Indian rupee, “We actually have not been able to take advantage from the appreciation of the rupee against the dollar, as we had already hedged our export revenues, considering the high volatility the currency was going through in the past few months”, he concluded by saying.
Fibre2fashion News Desk - India
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