Home / Knowledge / News / Apparel/Garments / India's FTP annual supplement will aim to boost exports
India's FTP annual supplement will aim to boost exports
14
Mar '13
Mr. Anand Sharma
Mr. Anand Sharma
The annual supplement to India’s foreign trade policy (FTP), likely to be announced in the coming months, will have steps to boost exports, the Ministry of Commerce, has said.
 
Currently, the Ministry is holding consultations with various exporters and organizations to zero-in on steps needed to boost India’s exports, which have been negatively impacted by slowdown in Western economies.
 
Commerce and Industry Minister Anand Sharma has already held consultations with the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), Federation of Indian Export Organizations (FIEO) and Apparel Export Promotion Council (AEPC).
 
At their meeting with the Minister, the representatives of AEPC and FIEO voiced concern over high prices of cotton yarn, rising transactions costs and the high rates of interest on export credit.
 
Speaking to reporters after the meeting, the Minister said that all the recommendations made by various export councils will be seriously looked into to find the best possible way forward.
 
He informed that Board of Trade, the highest advisory body on trade-related matters, will meet on March 22, after which the work for finalizing the FTP would be speeded up. However, the Government would wait for the final export figures of March, before announcing the policy, he added.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search