Home / Knowledge / News / Apparel/Garments / GEA President welcomes First Annual Supplement to FTP
GEA President welcomes First Annual Supplement to FTP
Sep '10
Mr Rakesh Vaid, President, Garments Exporters Association (GEA) has welcomed the First Annual Supplement to the Foreign Trade Policy, 2009 – 2014, announced by the Hon'ble Minister of Commerce & Industry, Shri Anand Sharma, providing fresh stimulus worth Rs.1050 Crores to Labour intensives export sectors.

The policy has responded to some of the demands of exporters by continuing some incentives and scheme to help them to overcome the present crisis being faced by them because of global economic slowdown and uncertain international market conditions.

While appreciating the extension of Market Linked Focus Product Scheme (MLFPS) incentive given at 2% of the FOB Value of exports to the readymade garment sector for exports made to EU for another six months up to 31.03.2011, Mr Vaid felt that the 2% incentive given under MLFPS scheme should also be made available for exports made to USA, as the USA market has not fully recovered. Mr Vaid also recommended that the readymade garments should be included in the labour-intensive sectors eligible for a bonus incentive of 2% benefit.

However, the extension of zero-duty Export Promotion Capital Goods Scheme till March 2012 is a welcome step which will help us in expanding capacities by modernization and quality upgradation, said Mr Vaid. Mr.Vaid has also welcomed, the extension of Duty Entitlement Pass Book Scheme(DEPB) and the interest subvention of 2% and the measures to cut-down the transition cost for exporters.

He also welcomed the announcement on procedural simplification in filing EPCG application on annual basis, without the need to file the application for individual capital goods from time to time.

GEA has also requested the Government to ban the export of cotton yarn so as to ensure adequate supply of cotton yarn and fabric at reasonable prices to garments exporters. GEA also requested the Government to make efforts to ensure financial stability in the external sector along with the much emphasized need for price stability in the domestic sector.

Garments Exporters Association (GEA)

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

January 2017

January 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