Gokaldas Exports did Very Well in 2007-08 Despite Turbulent Times

摘要

2007-08 was an eventful year of growth for Gokaldas Export in both turnover and profit and setting up of new units with Blackstone, the world's largest private equity fund joining hands with it.rn2007-08 was an eventful year marked by several reverses in global economic scene. The worst ever hit to the exporting community and more so to the textile industry was the appreciation of the Indian Rupee by 14% in a span of 12 months.rnNever in the history of Indian exports, the Rupee had climbed to this value. Besides this, of course, the general appreciation of costs, the subprime crisis and the looming US recession have resulted in the market becoming extremely cautious and competitive. The company was in the midst of very turbulent times. Economists were predictingrnvarious scenarios for the future.