The commerce ministry is preparing a note for the Cabinet proposing further relief for the rupee-hit exporters, especially those in the job-oriented textiles and leather sectors.
"We are looking at traditional sectors like textiles, leather and handicrafts that have been losing a lot of jobs," a senior official said in New Delhi on Monday.
The package is likely to be cleared by Commerce Minister Kamal Nath on Tuesday before it goes to the Cabinet Committee on Economic Affairs later this week, he said.
Finance Minister P Chidambaram is also slated to meet heads of different export bodies on November 15 to evaluate the impact of rupee appreciation on exports.
Besides senior representatives of the Federation of Indian Export Organisations and Export Promotion Councils from worst-hit sectors
like textiles, gems and jewellery, engineering and electronics are also expected to attend the meeting.
There were indications of differences between the commerce and finance ministries over the level of packages for the exporters who are losing their competitiveness, especially against China.
The rupee has risen by about 12 per cent against the dollar since January. This has not only cut the margins of exporters but also affected their competitive strength against China in the developed markets of the US and Europe.
The government has already given three relief packages to exporters aggregating Rs 5,200 crore (Rs 52 billion).
Though export growth rate has maintained a healthy trend of 19 per cent, it is not coming from employment-oriented sectors like textiles, handicraft and leather.
© 2026