No more export sops
New Delhi: Mr. P. Chidambaram has ruled out any more sops for the exporters hit by the rising rupee asking them to get used to stronger currency as dollar inflows would continue to grow.
The government had announced a Rs 1,400-crore package in July for exporters.
"We have taken note of the short-term pain of exporters and we have given them a package. But we hope that they will quickly adjust to the new level of rupee," he said. Commerce and industry minister Kamal Nath had supported the exporters, stating that the government was thinking of a new package for exporters. But the finance minister said there could not be a situation where the economy grows but rupee remains weak. Exporters should take this into account while booking new orders, he added.
Source: The Financial Express
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