Home / Knowledge / News / Apparel/Garments / Indian garment exporters urge govt to lower interest rates
Indian garment exporters urge govt to lower interest rates
Oct '12
A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC), on RBI announcement of its Q2 review of monetary policy on 30th October 2012 wrote a letter to Finance Minister, Shri P Chidambaram.

Dr Sakthivel in his letter stated that, “The garment export industry was expecting lowering of the interest rates which has not been announced.

The pre and post shipment credit rates are hovering around 10% which is very high when compared to interest rates available to our competitors internationally.”  

Sir, it was your initiative through which you had given a separate chapter for interest rates in the export sector.  The industry appeals to you for reintroduction of the separate rates for the export sector, particularly to labour intensive sectors like clothing and textiles, he added.

Further Dr. Salthivel wrote, “It is our humble request to you to issue necessary directions to Reserve Bank of India for lowering of interest rates for garment export sector. The industry is looking upon you for this immediate help at this hour.”

Apparel Export Promotion Council (AEPC)

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search