Home / Knowledge / News / Govt offers interest free loans for enhancing export volume
Govt offers interest free loans for enhancing export volume
Aug '08
Minister of Industry and Commerce, while making an inaugural speech for a local Justice and Development Party congress in Düzce, an industrial city in the Marmara Region, stated that domestic exporters would very soon be able to take advantage of a new package of state-supported, interest-free loans similar to those being offered to the industrial small and medium sized companies.

Application for accessing the loans will start from September 15 and once granted the the first instalment of repayment would commence after after six months following the disbursement. A total of US $650 million will be disbursed to the exporter SMEs through this channel who in turn are expected to raise their export levels by around six or seven times.

The minister also pointed out that endeavors were being taken to upgrade the current export targets of Turkey. Moreover, the finance extended to the exporters will also help the country widen its foreign export markets.

It was also observed that despite a record breaking export volume, exporters are facing a tough time coping with over-valued lira which is continuously eroding their profit margins. So much so that some of the exporters are even bearing losses for holding on to their foreign clients and thereby their international market share.

However, the situation is likely to improve with capital aid being offered by the Government and it is hoped that exporters would find a way out to grab the most of this opportunity for strengthening their position in the global market.

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Courtesy: TAL Group

Apparel/Garments | On 24th Oct 2016

TAL’s new garment factory goes operational in Vietnam

A new garment factory of the Hong Kong based TAL Group has become...

Information Technology | On 24th Oct 2016

X-Rite Pantone unveils appearance exchange file format

X-Rite Pantone, X-Rite Incorporated subsidiary that offers colour...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Ashok Desai
Bombay Textile Research Association

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search