As the garment exporters are trying hard to meet the target set by the Government, RBI should notify extension of the 3 percent interest subvention which has expired on 31st March 2014, AEPC's Chairman also demanded.
The textiles exporters were not very happy with the monetary policy announcement made by the RBI on Tuesday. The first bi-monthly Monetary Policy Statement for the year 2014-15 kept the key rates like repo rate, CRR, Bank Rate unchanged.
expressed his concerns that the momentum of the garment export growth
may be slowed down further with the increase of rupee strengthening