Business Daily from THE HINDU group of publications Tuesday, Jun 19, 2007 ePaper |
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Opinion
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Letters Rising rupee
I am wondering why our companies are worried about rising rupee. Instead, Indian corporates should concentrate on moving up the value chain and increase revenues by taking on high-end consulting work. Global companies, such as Intel or IBM are not dependent on a weak dollar. Radical thinking by IT captains is required to take the IT sector forward. They should have more industry-technical institute interactions. Companies should spend more money on R&D and new product development for the vibrant domestic market too. This is the only way for sustained economic growth. A. Ganesh Chennai
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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