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Pound slump makes apparel exporters opt for $ billing

Trade sources said Indian exporters have now devised three strategies to deal with the situation

Dilip Kumar Jha  |  Mumbai 

Indian apparel exporters are gearing up to re-negotiate terms and prices of their products with buyers in the UK to neutralise a decline in their realisations due to the sharp fall in the pound against the rupee. Trade sources said Indian exporters have now devised three strategies to deal with the situation. They have started bypassing vendors in the UK for supplies to countries in the European Union. This would allow them to deal with the importers there directly. Indian exporters are also gearing up to raise prices of their apparel products in next year’s contracts to ...

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