Home / Knowledge / News / Apparel/Garments / AEPC seeks govt help for RMG sector
AEPC seeks govt help for RMG sector
19
May '15
Apparel Export Promotion Council chairman Virender Uppal has said there has been a vacuum in a policy support in the readymade garment (RMG) manufacturing export industry, according to a statement by AEPC.

Uppal has requested the government to look into the demands of the garment manufacturing industry for boosting RMG exports.

He suggested inclusion of 2 per cent fabric within 5 cent per overall entitlement under for improving fabric base under Customs Notification no. 10/2015-Cus dated 1.03.2015 from budgetary announcement.

He also demanded support from the government’s monetary policy with an announcement of 3 per cent interest subvention scheme w.e.f. 1.4.2014 to partially mitigate high cost of lending, which is hovering around 11 -12 per cent interest rates, as compared to 4 – 6 per cent in competing countries.

Uppal said round-the-clock clearance of import and export must be implemented by Customs for ease of business.

He also pointed out that the government has not given any indication about the finalization of India-EU FTA, CEPA with Canada, etc., which needs to be implemented on urgent basis so as to mitigate the duty disadvantage suffered by India vis-a-vis competitors like Bangladesh, Cambodia, Vietnam, Pakistan etc. in the major markets.

The statement pointed out that the EU market constitutes 41 per cent of the India’s RMG exports. Market conditions in major markets like EU, continues to be subdued. Further, India is facing duty disadvantage of 9.6 per cent compared to competing countries like Bangladesh and Pakistan who have zero duty access under LDC/GSP+ status under EU GSP Scheme.

The USA constitutes 21.7 per cent of India’s RMG exports and the market condition in USA is still on the path of gradual recovery. The prospects of considerable improvement in the market are rather limited due to competition from countries like Vietnam, Mexico which have zero duty access under preferential treatment with the US. (SH)

Fibre2fashion News Desk – India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Marten Alkhagen
Swerea IVF AB

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search