In light of the significant and continued appreciation of the rupee, India’s government has announced further assistance for the hardest hit export industries including the leather sector.

Having already implemented assistance measures in July and October, the latest deal provides a further 2% rise in pre-shipment and post-shipment credit (in addition to the 2% already provided in an earlier package) until the end of March next year for the leather, handicrafts, marine products and textile sectors.

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