Railway Budget 2013 a mixed bag for India Inc
AEPC Chairman A Sakthivel said increase in the freight on diesel will further put strain on the apparel and garment sector. "Our movement of goods meant for exports to the ports is mostly via railways. Increased cost will reduce our profit margin further and impact our demand. Therefore, I request government to exempt the freight hike on the exportable goods immediately," he added.
Exporters body FIEO too said that the increase in freight rates would add on to the cost of inputs at a time when there is a general slow-down in the economy.
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