Increasing Dollar Makes Exporters Holler: The high Australian dollar has seriously impaired Arrow’s competitiveness. In one of its main markets – India – the dollar is up 20% against the Indian Rupee.
Arrow’s main competition is from US suppliers. The fall in the US dollar has made US suppliers much more competitive. Andrews says: “US machines used to sell for about AU$75,000 each; now they are selling for about AU$50,000. We are still about $70,000 per unit. It’s very hard. Read more..
Company profile: A major financial services company based in Japan, providing knowledge and IT solutions for financial business worldwide. Anshinsoft has been a very key strategic outsourcing partner for design and development of a comprehensive back-office IT solution.
Business situation: Indian Capital market systems have evolved to be at par with the advanced systems of the world in the last 10 years. Business process, functionality, monitoring / regulating mechanisms, hardware, software etc are all revamped to compete with the global leaders. With the internal systems & monitoring mechanism properly in place, the time is ripe for India to join itself to the global capital market network. At present India stands in the door step of full convertibility of the Indian Rupee in Capital Account, Cross border trading in the securities market is a very bright possibility in the near future. Click here to read more…