Business Daily from THE HINDU group of publications
Tuesday, Mar 25, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Mar 25, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Industry & Economy
-
Textiles States - Tamil Nadu Brace up for currency challenges, textile industry told Our Correspondent Madurai, March 24 Exploration of an alternative currency for dollar could help the textile industry to meet the crisis on the foreign exchange front, Mr M.B.N. Rao, Chairman and Managing Director, Canara Bank, has said. He was inaugurating five new spinning mills with 80,000 spindles of Ramco textile division of Ramco group at Rajapalayam, near here, recently. Pointing out the impact of fluctuations in exchange rates in an open economy, with reference to pricing textile goods in US dollar terms for goods exported from India, the Chairman stressed the need for the industry to face these challenges. He cautioned that with the quota regime coming to an end, challenges from China were in the offing and needed to be faced boldly. Calling the Ramco textile division a pioneer in the field, he appreciated the division for combining innovation and quality with sound business sense and corporate social responsibility. The Chief Executive Officer of machinery supplier Rieter AG (Switzerland), Mr Peter Gnagi, in his address on the occasion, hailed the high degree of education and craftsmanship among the workforce in India. More Stories on : Textiles | Forex | Tamil Nadu
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|