Home / Knowledge / News / Apparel/Garments / Apparel exporters disappointed with the Union Budget
Apparel exporters disappointed with the Union Budget
Feb '10
Mr Premal Udani, chairman of the Apparel Export Promotion Council(AEPC), said that while the union finance minister has been able to maintain expenditure and fiscal discipline, he has not provided a short-term or long-term roadmap for the growth of labour-intensive apparel industry.

Mr Udani welcomed the initiatives of interest subvention on export credits, grants being given to train three million workers in the textile and clothing industry and Rs 200 crore grant for the effluent discharge project at Tirupur.

However, the increase in excise duty coupled with about Rs 2 increase in prices of petrol and diesel will substantially increase raw material and input costs. Mr Udani further added that the industry already struggling mainly on account of high costs will be further suffocated with these cost increases.

He lamented that the finance minister had turned down exporters' plea for exemption of service tax, rather than claiming refunds. The refund procedure being so cumbersome, hardly any exporter has been able to get the same so far.

Overall, said Mr Udani, the budget has failed to give a thrust to the textile and clothing industry which generates the largest employment after agriculture.

Apparel Export Promotion Council

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search