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Friday, August 28, 2009

Positive For Tea Co's

Aditya Khaitan, Managing Director of McLeod Russel, said that the duty drawback would help mitigate high transport costs and would add Rs 10-15 crore to the company's profits. "We export close to 27 million kilogramme and this will give us a big push to export and to become more competitive with the other markets in the world. This will push exporters to be able to buy more of these internally and export it out hence keeping the balance between internal and exports on a very positive basis."

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