29 / 172
27
1.3 Foreign exchange earnings and outgo
1.3.1 Export sales: activities, development initiatives and future plan
The Company sold its products in 68 countries, directly and through its subsidiary companies in the USA, the UK,
the UAE, China and Brazil. Sales outside India* decreased by 1% from
`
1,163 cr to
`
1,148 cr mainly due to lower
price realisation as compared to the previous year. The Company is taking further steps to strengthen its international
marketing network.
* Free On Board (FOB) value
1.3.2 Total foreign exchange used and earned
(
`
cr)
Particulars
2015-16
2014-15
Used for
Import of raw materials, travel expenses, books and periodicals, payment of dividend, etc
392.69
411.38
Loan repayment
132.58
64.35
Earned from
Exports – FOB value
1,148.03
1,163.41
Dividend income and others
24.48
–