[og_img]
- A situation arose where more rupees had to be paid for the payment
- The fall in the value of the Indian rupee also worries the business world
- A higher price has to be paid for machinery imported from abroad
The strengthening of the dollar against the rupee has disappointed the importers of goods including rough diamonds, yarn and machinery from abroad. Industrialists in Surat import goods including rough diamonds, machinery, yarn from abroad. Traders who are currently making payments as per the terms of purchase of the goods, have to pay higher prices. Due to which the importers from abroad are getting confused.
On Friday, the dollar was around Rs 81 against the Indian rupee. Due to which, there is an atmosphere of concern in the business world as well. Especially the businessmen who import from abroad and sell it here are in trouble. Imports to Surat include rough diamonds, yarn and textile machinery. The payment is made as per the condition. Even in the diamond industry, payment is usually 45 to 120 days after the purchase of a rough diamond. People who have payment due date will have to pay higher price. Buyers of machinery will also have to spend more capital as the dollar appreciates.
Businessmen have to pay higher price due to payment terms
Yarn importers troubled Yarn trader Rakesh Kansal said that the textile industry of Surat is importing different types of yarn from other countries including China. The way the price of the dollar is increasing now, the problems of the businessmen have increased. A few days ago, the price of yarn fell due to the fall in container prices. But, now the value of the dollar will rise again. The industrialists who are currently under conditions of payment will have to pay a higher price.
A confusing situation among entrepreneurs
Rising dollar prices have created a confusing situation for rough diamond importers in the diamond industry. Generally after importing the rough diamond, the traders make the payment as per their terms. Most of the entrepreneurs make payments in an average time of 45 to 120 days. At present, a situation has arisen where people who have payment date have to pay more rupees.
Prices of machinery will increase
A large number of machinery including rapier, waterjet and airjet are imported from abroad every month in Surat. Which is paid in dollars. The way the dollar is increasing now. Due to this, entrepreneurs may face difficulties. A higher price has to be paid for machinery imported from abroad.