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1.3 Foreign exchange earning and outgo
1.3.1 Export sales: activities, development initiatives and future plan
The Company sells its products in 68 countries, directly and through its subsidiary companies in the USA, the UK, China
and Brazil. Sales outside India * increased by 11% from
`
1,045 cr to
`
1,163 cr. It has established Atul Middle East FZ-
LLC to grow its sales.
* Free On Board (FOB) value
1.3.2 Total foreign exchange used and earned
(
`
cr)
Particulars
2014-15
2013-14
Used for
Import of raw materials, books and periodicals, payment of dividend, travel expenses, etc
411.38
447.41
Loan repayment
64.35
111.44
Earned from exports
FOB value
1,163.41
1,045.26