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Govt reintroduces subsidy scheme for jute exports
04
Jul '11
The External Market Assistance (EMA) scheme which had been withdrawn earlier in 2007 has been reintroduced for the jute export sector by the Union Textiles Ministry.

However the new EMA scheme comes with a variety of riders which will not prove to be easy to comply with for the jute manufacturing sector, most of whom operate with outdated production machinery.

The ministry has mandated complying with three types of national and global product quality certifications for those who would like to avail a maximum of four percent of the FOB value, while the rest of the exporters can avail two percent subsidy of the FOB value.

The three types of certifications are; Certificate of Safety Management Systems under BS /OHSAS (Occupational Health & Safety Assessment Series) 18001:2008, Environmental Management Systems Certificate under IS/ ISO 14001 : 2008 and Quality Management Certificate under IS / ISO 9001:2005 from Bureau of Indian Standards (BIS), and Certificate of Safety Management Systems under BS /OHSAS (Occupational Health & Safety Assessment Series) 18001:2008.

Fibre2fashion News Desk - India

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