Home / Knowledge / News / Apparel/Garments / 74% Indian garment exporters to gain from incentive scheme
74% Indian garment exporters to gain from incentive scheme
28
Dec '12
Dr. A Sakthivel Chairman AEPC hailed Government for all exports incentives announced, by Shri Anand Sharma, the Union Minister of Textiles and Commerce.

Speaking on the announcement Dr. Sakthivel said, “2% Interest Subvention Scheme decision to extend for specific sectors up to 31st March 2014 is a timely move and will help in boosting the exports. It will surely give needed thrust to the apparel and textiles sector which was reeling under the sluggish markets of US and Europe. The impacted markets especially in Europe and America’s and the resultant weak demand have adversely impacted performance of our exports.” 

Chairman AEPC also commented that, “I am grateful to Textiles Minister Shri Anand Sharma for the decision has been taken to grant incentive on incremental exports made during the period January-March 2013 over the base period January-March 2012.  This incentive would be available to an IEC holder at the rate of 2% on the incremental growth of exports made to USA, EU and countries of Asia.” 74% garments exporters would get the benefits of this scheme, he added.

On the extension of markets for Market Linked Focused Product Scheme and Special Focus Market Scheme Chairman said, “It will help in boosting the exports to non-traditional markets and help in product diversification drive. We are already targeting the newer markets and the buyer’s response is positive in the new countries.”

Apparel Export Promotion Council

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search