Interviews
Apparel exports could do with more incentives - Mr Vaid
19 Jul '10
5 min read
Mr.Vaid said that the Ministry of Textiles has recently taken various positive and appreciable steps to help the garment exporters to overcome the present crisis being faced by them because of steep and persistent hike in the prices of yarn and fabric and continuing worldwide recessionary trends particularly in EU and USA. He said that the new National Fibre Policy recently announced by the Ministry of Textiles will also encourage and motivate garments exporters to explore the overseas markets with new varieties of garments made with new fibre and fabrics.
The Government should encourage large scale investment in infrastructure and also take effective steps to reduce the production and transaction costs by providing adequate fiscal and commercial relief to exporters. The Government should also make efforts to ensure financial stability in the external sector along with the much emphasized need for price stability in the domestic sector.
The recent developments in exchange rate movements in the global and domestic market like Euro crisis and greater flexibility of Chinese Yuan, would also have its implications on International Apparel Trade.
Mr.Vaid stressed the need to increase the current duty drawback rates by increasing the scope and coverage of duty drawback scheme so as to ensure full reimbursement of excise duties, custom duties, service tax, education cess and various state level taxes.
According to Mr.Vaid the R & D facility is most crucial for the garments exporters to maintain and improve upon the high quality competitive international trade. He therefore, called for more incentives for R & D facilities to improve upon the quality and competitive strength of our exports.
The GEA had set up in 1983, a Fabric Testing & Research Laboratory at Okhla Flatted Factories Complex which has been contributing significantly in creating and spreading awareness of maintaining quality control among Garment/Fabric exporters.
REACH is a new European Community Regulation on chemicals and their safe use. It deals with the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) substances. The REACH Regulation gives greater responsibility to industry to manage the risks from chemicals and to provide safety information on the substances. While, the REACH Legislation deals with the chemical substances, it has implications for all the industry, including textiles, which use chemicals. The chemical substances used by the textile industry whether in the form of solvents, lubricants, pigments or other dyestuffs will need to undergo a process of registration, evaluation and authorization.
Since, it is now mandatory for all products and substances to comply with REACH requirements, Mr.Vaid said the GEA Fabric Testing and Research Laboratory will now be equipped with the required testing facilities and the expertise to offer all chemicals related services under the new European Union Regulations REACH including testing and screening for SVHC Chemicals applicable to products.
The Government should encourage large scale investment in infrastructure and also take effective steps to reduce the production and transaction costs by providing adequate fiscal and commercial relief to exporters. The Government should also make efforts to ensure financial stability in the external sector along with the much emphasized need for price stability in the domestic sector.
The recent developments in exchange rate movements in the global and domestic market like Euro crisis and greater flexibility of Chinese Yuan, would also have its implications on International Apparel Trade.
Mr.Vaid stressed the need to increase the current duty drawback rates by increasing the scope and coverage of duty drawback scheme so as to ensure full reimbursement of excise duties, custom duties, service tax, education cess and various state level taxes.
According to Mr.Vaid the R & D facility is most crucial for the garments exporters to maintain and improve upon the high quality competitive international trade. He therefore, called for more incentives for R & D facilities to improve upon the quality and competitive strength of our exports.
The GEA had set up in 1983, a Fabric Testing & Research Laboratory at Okhla Flatted Factories Complex which has been contributing significantly in creating and spreading awareness of maintaining quality control among Garment/Fabric exporters.
REACH is a new European Community Regulation on chemicals and their safe use. It deals with the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) substances. The REACH Regulation gives greater responsibility to industry to manage the risks from chemicals and to provide safety information on the substances. While, the REACH Legislation deals with the chemical substances, it has implications for all the industry, including textiles, which use chemicals. The chemical substances used by the textile industry whether in the form of solvents, lubricants, pigments or other dyestuffs will need to undergo a process of registration, evaluation and authorization.
Since, it is now mandatory for all products and substances to comply with REACH requirements, Mr.Vaid said the GEA Fabric Testing and Research Laboratory will now be equipped with the required testing facilities and the expertise to offer all chemicals related services under the new European Union Regulations REACH including testing and screening for SVHC Chemicals applicable to products.
Garments Exporters Association
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