2) The investment allowance has been given for a project of Rs. 100 Cr and above. It is proposed that in order to encourage garment export sector, this limit should be brought down to the investment of Rs. 10 Cr. This will boost employment in a large number.
3) The modalities of commodity transaction tax are being worked-out. It is proposed that textile export should be exempted from such tax in order to remain competitive in the world market
Dr A Sakthivel, Chairman, AEPC appealed to the Hon’ble Finance Minister to accept the above proposal, which will lead to reduction in trade deficit, continue to give employment to over 11.22 million workers in the apparel sector alone and boost the confidence of entrepreneurs in this sector.
Apparel Export Promotion Council