India Leather Clothing Exporters Make A Profit From The Rupee Depreciation.

< p > in the whole country of India, people in the whole country feel depressed when the rupees continue to depreciate. < a target= "_blank" href= "//www.sjfzxm.com/" > leather < /a > a target= "_blank" href= "target=".

Because rupee's depreciation has made his company a lot of money.

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< p > from India's August 31st report, it was learned that as the exporter of leather garments in India, MohanSreenivas had already signed a fixed price export contract with the world-famous brands Armani and BOSS long before the rupee depreciated 20%.

Recently, the rapid devaluation of the rupee has brought him 20% more profits.

So for a India exporter like MohanSreenivas, rupee's big devaluation has delighted them because they are earning a very amazing profit margin.

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In the past few years, European market demand has declined, so the export industry in India has also been declining. P

However, as the export products of major competitors such as China are becoming more and more expensive, exporters in India become more competitive in the international market, and they have gained more business from Chinese manufacturers.

Therefore, it is also reasonable for India leather exporters to be proud of their achievements.

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< p > Hugo net also learned that since the rupee depreciation helped to increase profits, India yarn enterprises are trying to expand export orders.

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< p > according to some yarn exporters in India (cotton yarn and synthetic yarn), the rupee has depreciated to 58 rupees to the US dollar, which has helped them to increase their profits. However, the export orders level is still insufficient.

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< p > "export orders do not make the best use of the weakness of rupees".

Orders are below average.

Therefore, we will promote and expand export opportunities, at least 30% in the next few weeks, so that we can maximize the opportunity to depreciate the rupee. "

MakrandAppalwar, CEO of EmmbiPolyarns, said.

At present, the company exports yarn to many countries for 750 million rupees a year.

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< p > industry experts believe that China is one of the biggest buyers of "India yarn", especially cotton yarn.

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"P >" China has been reducing its capability of "a target=" _blank "href=" //www.sjfzxm.com/ "textile" /a ", so China has reduced its yarn procurement, because China is the main buyer of India, so India export orders have been affected.

However, this situation has to be changed due to the depreciation of rupee, the increase of profits and the lower order of export orders.

Nair, Secretary General of India Textile Industry Federation (CITI), said DK.

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JayeshPathak, President of Mumbai yarn Association, said that India yarn exporters are now looking for other markets to compensate for the decline in China's demand. P

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