Home / Knowledge / News / Textiles / Govt asks exporters for inputs to boost shipments
Govt asks exporters for inputs to boost shipments
03
Feb '16
As India's exports continue to fall, the Commerce Ministry has solicited specific suggestions from exporters which could be taken up with various ministries, including Finance, to improve ease of doing business and boost waning exports.

Commerce and Industry Minister Nirmala Sitharaman sought specific inputs to reverse the negative trend in exports during her interaction with the representatives of 12 export promotion councils (EPCs) in New Delhi, according to an agency report.

"The Commerce Ministry will follow up with environment, textiles, customs and finance for easing out of few more things related to export promotion so that there is an ease of doing business from the exporters point of view," Sitharaman said after the meeting.

She asked the EPCs to inform the ministry on "what is not happening and what should ideally happen" on the respective area. The textile industry is one of the sectors hit by the export slowdown.

The minister also asked the council members to talk with their respective members and "seek specific interventions from the Ministry based on their inputs."

The minister assured them that the issues raised by them would be sorted out through discussions with the stakeholders concerned.

Sitharaman assured that her ministry would look into all the issues raised by the EPCs and will also approach External Affairs Ministry and Finance Ministry for customs related issues.

Commerce Secretary Rita Teaotia who also addressed exporters, said that the review of the India-Asean FTA has already been initiated.

During the meeting, several issues were flagged by the exporters including the impact of India-Asean FTA on the countrys exports, non-tariff barriers of other countries, currency volatility, special economic zones, problems in dealing with customs authorities and service tax.

Indias exports contracted for the 13th month in a row, dipping about 15 per cent in December to $22.2 billion due to steep decline in engineering and petroleum shipments.

India's total exports during April-December period declined by 18.06 per cent to $196.6 billion. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

In China, cotton consumption is forecast to expand 4 per cent and...

Courtesy: ZDHC

Textiles | On 24th May 2018

Birla Cellulose, Isko, Lenzing join ZDHC programme

Birla Cellulose, Isko and Lenzing have joined ZDHC Roadmap to Zero...

50 mn Indian internet users buy products online: Report

Apparel/Garments | On 24th May 2018

50 mn Indian internet users buy products online: Report

India has an online population of 500 million but only 50 million...

Interviews View All

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Frank Gossmann
Rotorcraft AG

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

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ashok Desai
Bombay Textile Research Association

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

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search