India May Cancel Financial Support For Leather Clothing And Other Industries.
India's financial bulletin recently reported that the government had decided to give it a response to the financial crisis.
Leatherwear
Special financial support for export industries such as rubber, chemicals, machinery and clothing may be cancelled.
The Ministry of commerce is worried that the Ministry of Finance may cancel the policy because of the revival of exports.
India's exports rebounded from November 2009, rising 36% in April 2010 to 16 billion 900 million US dollars, but the high growth rate was largely caused by a low base.
At present, the euro zone economic crisis and the rupee appreciation are given again.
India exports
Sustained growth has cast a shadow over it.
According to reports, a senior official of the Ministry of Commerce and industry said that the Ministry of finance has decided to give the above financial year.
Trade exporters
The financial support of 13 billion 500 million rupees has not yet been released.
Sharma, Minister of Commerce and industry, has sent a letter to Mukherjee, the finance minister, who hopes to release the financial support funds as soon as possible in the financial year, but has not yet received a positive reply.
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