Price-hikes would be passed on to the consumers

30th August 2013 | By Mouseworld Now Correspondent |

Sahil Sani-CEO-Sahil InternationalWith the devaluation of the Indian rupee against the US dollar, there has been an upheaveal in the entire Indian business world. IT industry being the face of business excellence in India has also been party to the fiscal commotion. To record the perspectives of the poster-boys of Indian IT on the vital issue, Mouseworld Now has started this series.

In this part, Mr Sahil Sani, CEO, Sahil International has expressed his expert comments on the vital issue facing the IT industry because of the rupee devaluation in the international market. Here are the edited excerpts…

Since all our products are completely imported, in the long term we will have no option but to hike prices by the same percentage of dollar appreciation which has been at high rate. While we continue to hold on to prices with the current stocks, the future shipments will attract higher prices and we will be forced to pass this on to Indian consumers.

 

© Mouseworld Now News Service

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