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Increase in ECR limit to help boost India's apparel export
19
Jun '12
Dr A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC) complimented Dr D Subbarao, Governor, Reserve Bank of India for enhancing the eligible limit of the Export Credit Refinance (ECR) facility from 15 per cent of the outstanding export credit eligible for refinance to 50 per cent.

However, the industry was expecting in rate cut in the Landing Rate. High interest rates are hurting the industry very much. The interest rate cut would enable the industry to perform better and would also be a step towards achieving the export target of US $ 18 billion by 2012-13 set by the Govt. of India.

Incorporated in1978, AEPC is the official body of apparel exporters in India that provides invaluable assistance to Indian exporters as well as importers/international buyers who choose India as their preferred sourcing destination for garments.

Apparel Export Promotion Council (AEPC)


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