Excellent Knitwear (P) Ltd: The Foreign Currency Derivative Dilemma
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Code : ITF0040
Industry :Textile & Financial Services Organization:IBS Hyderabad |
Period : 2008 Region : India
Countries : India |
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THE KNITWEAR CAPITAL OF INDIA:Tirupur , once an obscure little town in the southern Indian state of Tamil Nadu, had over the years earned a name for itself as the knitwear capital of the country, accounting for more than 80% of India’s knitwear exports (Refer to Exhibit I for the details of exports from Tirupur). The exports from Tirupur, which were valued at a meager Rs. 96.9 million in 1984-85, had grown to Rs.995 million by 2007-08, growing at a compounded growth rate of more than 40% per annum . This was often cited as the testimony to the entrepreneurial spirit of the exporters in Tirupur... |
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