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Although the marginal dip in September exports, over the year-ago figure, is statistical, there is every reason to remove one major hurdle to export growth: unpaid GST credit cumulating to Rs 22,000 crore, according to the Federation of Indian Export Organisations (FIEO).

The domestic currency rupee hit a 2-week high of 73.41 against US dollar on Wednesday morning. After closing at 73.48 yesterday, the rupee strengthened by 6 paise to 73.42 against the US dollar in early trade on Wednesday on increased selling of the Us dollar by exporters and banks.

Dr. A. K. Panda, Secretary MSME during his visit to NSIC reviewed the performance of NSIC and motivated the employees to give outstanding results during the year 2018-19 for the growth of MSME sector in the country.

Bangladeshi garment manufacturers want to tie up with their Sri Lankan counterparts to add more value to the garment supply chain and reduce the lead time by at least 10 days.

Cotton On has two distribution centres and another 14 around the world. The Avalon facility will service the company's 400-plus Australian stores as well as online consumers. The 40-hectare Avalon Airport Industrial Precinct is expected to create 750 on-site jobs and another 1100 indirect positions.

Economists at HSBC believe the rupee will fall to levels of 76 by end-2018 and 79 by end-2019 because the factors influencing the currency movement—a widening current account deficit and large foreign portfolio outflows—could become more unfavourable in the months ahead. 

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