Home / Knowledge / News / Textiles / Bhilwara recognised as 'Town of Export Excellence' for textiles
Bhilwara recognised as 'Town of Export Excellence' for textiles
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

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

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

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

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

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search