Home / Knowledge / News / Textiles / 'New export promotion meaures welcome'- Mr Jindal, ASSOCHAM
'New export promotion meaures welcome'- Mr Jindal, ASSOCHAM
Feb '09
Mr. Sajjan Jindal, President, ASSOCHAM
Mr. Sajjan Jindal, President, ASSOCHAM
President, The Associated Chambers of Commerce and Industry of India (ASSOCHAM) Mr. Sajjan Jindal welcomed customs duty reduction from 5% to 3% under Export Promotion Capital Goods Scheme with a rider that the Finance Ministry should immediately ratify it with necessary notification otherwise, this will prove to be a non starter.

Extension of Duty Entitlement Passbook Scheme (DEPB) for exporters is also a welcome measure that exporters will cherish, said Mr. Jindal adding that the special package of Rs.325 crore for leather and textiles is far below the expectations of India Inc. as it is these two sectors that have been worst affected due to meltdown both in terms of production and job losses.

As regards to export targets for current fiscal, the ASSOCHAM Chief said that achieving US$ 175 billion of export proceeds in current fiscal is still ambitious in view of shrinkages of demand of Indian products in markets of US, Europe and even ASEAN.

The ASSOCHAM Chief said that the target for export proceeds for fiscal 2009-10 of US$ 200 billion seems to be on higher side but hoped that Indian exporters would come up to the expectations of the government and introduce products for overseas markets at extremely competitive rates with much more superior quality.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM)

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

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

Silke Brand-Kirsch
Schlegel und Partner

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra

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

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

April 2017

April 2017

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


Browse Our Archives


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