Railway Budget 2013 a mixed bag for India Inc
PTI: New Delhi, Feb 26 2013, 18:58 IST
said.
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.
Previous Story Shah Rukh Khan snubs CCL, 'They don't need small star like me' Next Story Rail Budget 2013 Reaction: Political parties say common man will be hit hard
Reader's Comments| Post a Comment
Be the first to comment.
