Home / Knowledge / News / Textiles / Bhilwara recognised as 'Town of Export Excellence' for textiles
Bhilwara recognised as 'Town of Export Excellence' for textiles
27
Feb '09
Shri Kamal Nath, Union Minister of Commerce & Industry, while announcing the major trade facilitation measures (supplement to the Foreign Trade Policy), here, said that a Special Package of Rs.325 crore would be provided for leather, textiles etc., for exports w.e.f. 1/4/2009 and added that export incentives have been provided for certain items like technical textiles, stapling machines and handmade carpets. Shri Ashwani Kumar, Minister of State for Industry and Shri G.K. Pillai, Commerce Secretary also attended the function.

In a mitigating effort to boost export amidst global slowdown, the Minister said that the recognition slab for Premier Trading Houses based on export turnaround has been reduced to Rs.7500 crore from Rs.10,000 crore.

Under EPCG (Export Promotion Capital Goods) Scheme, in case of decline of exports of the product (s) by more than 5%, the export obligation for all exporters of that product(s) will be reduced proportionately. This provision has been extended for the year 2009-10, for exports during 2008-09. He further added that export obligation period against advance authorisations has been extended up to 36 months.

Speaking on the occasion, Shri Nath said that from now on, for import of precious metals, following bodies have been added as nominated agencies viz., STCL Limited, Diamond India Limited, MSTC Limited, Gem & Jewellery Export Promotion Council and Star Trading House (only for gem & jewellery sector). He further added that import restrictions on worked corals have been removed to address the grievances of gems & jewellery exporters. He further added that authorized persons of gems & jewellery units in EOU will be allowed personal carriage of gold in primary form up to 10 kgs. in a financial year, subject to RBI and customs guidelines.

As regards DEPB (Duty Entitlement Pass Book) Scheme, Shri Nath informed that as of now, duty credit scrip can be used for payment of duty only on items which are under free category, as a change, this unitilisation is now extended for payment of duty for import of restricted items also; duty credit scrip under DEPB will now be issued without waiting for realization of export proceeds; value cap applicable under DEPB have been revised to two products.

In order to boost rural exports, the Minister announced that a re-credit of 4% SAD, in case of payment of duty by incentive scheme scrips such as VKGUY (Vishesh Krishi and Gram Udyog Yojana), FPS and FMS, have been allowed.

Bhilwara in Rajasthan and Surat in Gujarat have been recognized as Towns of Export Excellence, for textiles and diamonds respectively.

Shri Nath announced that a new office of Directorate General of Foreign Trade will be opened at Srinagar to increase the export potential and employment generation. He further added that electronic message transfer facilities for advance authorisation and EPCG Scheme established for shipments from EDI (electronic data interchange) ports w.e.f. 1/4/2009.


Must ReadView All

UNIDO, eWTP discuss strengthening ties to back e-commmerce

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Courtesy: HueTrap

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra
Huemn

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

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

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


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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