Re impact: Special package for labour-intensive sectors sought
Hindu Business Line, India
M.R. Subramani
Vishwanath Kulkarni
Bangalore, Oct. 30 The Commerce Ministry has approached the Finance Ministry seeking a special package for the plantation, leather, handicraft and textile sectors to tide over the problems caused by the rupee’s appreciation against the dollar.
“I have spoken to the Finance Ministry and approached the Prime Minister on the need to work out a package for the labour-intensive sectors,†said Mr Jairam Ramesh, Union Minister of State for Commerce.
The package has been sought for three reasons. Firstly, these sectors are labour intensive. Secondly, they are competing in a price-sensitive atmosphere, and lastly, these sectors are not dependent on imports (more…)