Home / Knowledge / News / Textiles / Indian govt initiates review of export promotion councils
Indian govt initiates review of export promotion councils
20
Feb '15
The Government of India has initiated a review of the functioning of all the 23 export promotion councils (EPCs) to which it provides funds in order to boost exports and other related activities, according to media reports.
 
Ten EPCs, including apparel, handloom, carpet and handicraft, are administered by the ministry of textiles.
 
At a meeting called by the textiles ministry in December 2014 to review the functioning of these EPCs, it was decided that greater transparency is necessary in the election procedure of these councils, reports say.
 
The meeting also decided on a quarterly review of the activities of EPCs with regard to exports and organising exhibitions and buyer-seller meets both in India and foreign countries.
 
The textiles ministry is likely to bring in a provision wherein all the executive heads of the ten EPCs would have to inform the ministry regarding their foreign trips.
 
India’s annual exports are around US$ 300 billion, with the textile and apparel industry accounting for $40 billion. (RKS)
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Wendell Rodricks
Wendell Rodricks

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

Mike Hoffman
Gildan Activewear SRL

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search