Home / Knowledge / News / Apparel/Garments / AEPC: Apparel export sector barred from new incentives
AEPC: Apparel export sector barred from new incentives
15
Jan '10
The Apparel Export Promotion Council (AEPC) said the government's announcement to give incentives worth Rs 500 crore for exporters contains no measures for the garment export sector which has seen significant downturn due to global economic recession.

According to AEPC estimates, apparel exports out of India totalled 6.17 billion dollars in April to December 2009-10, down 7.07 per cent from 6.64 billion dollars in the same period of last fiscal year.

“We have been urging the government for two per cent of export values to the United States and the European Union in the form of duty scrips,” said AEPC chairman Premal Udani. The scheme was discontinued in September last year.

Commerce minister Anand Sharma said the government will offer about Rs 500 crore as incentives to exporters till this fiscal-end to push exports of 2,000 products – especially to markets in Japan and China.

The incentives under Market Linked Focus Products Scheme are for labour-intensive sectors such as hand tools, plastics, rubber, handicrafts, machinery and engineering goods, chemicals, auto components, woven fabrics of cotton and iron and steel. They will cover about 2,000 products.

Mr Udani also called for reduction in import duty on machinery used in textile and apparel manufacturing to be reduced from 7.5 to 10 per cent at present to 3 to 5 per cent. “This will expand our manufacturing capacities and make the industry globally competitive.”

He said the industry was hopeful of similar incentives for speciality fabrics to boost value-added exports.

At the same time, there should be capacity building for complying with various new legislations like the EU-backed REACH (Registration, Evaluation, Authorisation and Restriction of Chemical Substances). “The government should support the industry in facing new labour laws and non-tariff barriers besides helping the industry to meet new compliance-linked environment initiatives,” said Mr Udani.

The apparel export industry provides employment to 3.5 million workers directly and another 3 million indirectly.

The AEPC represents about 8,000 small, medium and large garment exporters. India exports garments worth 10 billion dollars annually and ranks as the fifth largest exporter in the world.

Apparel Export Promotion Council (AEPC)

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Textiles | On 17th Jan 2017

IMF projects advanced economies to grow at 1.9% in 2017

Advanced economies are projected to grow by 1.9 per cent in 2017 and...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Urs Stalder
Sanitized AG

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

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

Rupa Sood and Sharan Apparao
Nayaab

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

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

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
January 2017

January 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