Home / Knowledge / News / Apparel/Garments / Foreign Trade Policy to give fillip to exports, AEPC Chairman
Foreign Trade Policy to give fillip to exports, AEPC Chairman
23
Apr '08
In a Press release on the Annual Supplement of the Foreign Trade Policy, Chairman AEPC said that the Garment Industry expects Trade Policy to boost exports - Hopes to achieve atleast 10% growth in 2008-09.

The Trade Policy Announcements made by the Hon'ble Minister of Commerce has enthused hope amongst the garment exporters of a speedy recovery in garment exports this year.

AEPC would like to compliment the Minister for candidly addressing issues like refund of State Levies and infrastructure bottlenecks, which have been a major concern of the exporting community for a long time.

It is also assuring to note the continuation of incentive schemes like extension of DEPB, interest subvention and income tax exemption to EOUs. The reduction of 2% in custom duty payable under EPCG scheme will also be beneficial for the exporting community.

The Minister has also promised to look into the Council's request for formulation of a special package for the garment industry to achieve the potential before the industry.

Apparel exports can minimize the demand shocks it has been facing due to slump in demand in major markets by diversifying in to new markets and products.

In this regard, the suggestion to link the Focus Product Scheme with Focus Market scheme will go a long way in more focused export promotion of required product categories.

AEPC hopes to improve the market share in important markets like Japan and CIS countries and products like Man Made Fiber apparel and kidswear through such schemes.

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: Adidas

Apparel/Garments | On 28th Apr 2017

Adidas, Siemens initiate joint research programme

Adidas and Siemens are initiating a joint research programme for...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Urs Stalder
Sanitized AG

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

Ashok Desai
Bombay Textile Research Association

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X