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

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

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
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

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
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

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
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


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