Home / Knowledge / News / Textiles / Handicraft exporters demand EOU status
Handicraft exporters demand EOU status
03
Jun '09
Handicraft exporters affected by recession, demanded equal treatment, by equating them with Export-Oriented Units (EOUs). These exporters expect new Textile Minister Dayanidhi Maran to take up their issues with the Finance Ministry.

The handicraft exporters in Moradabad, Jaipur, Jodhpur, Udaipur, Saharanpur and Narsapur are not given fiscal and other benefits as that of EOUs, even though they do business with the outer countries.

In this regard, an official from the Export Promotion Council for Handicrafts (EPCH) said that the handicraft exporters should be considered as EOUs as the handicraft units are totally export oriented, who don't sell any of their products in the domestic market.

The official further informed that the EPCH would soon approach the government with its demands. The EOUs are enjoying benefits like duty-free imports and are also exempted from capital goods income tax for 10 years.

Demand for items like metalware, imitation jewellary, wooden items and wall hangings fell by 48 percent in the year 2008-09 and about 500,000 artisans out of the one million have lost their jobs due to recession.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Textiles | On 17th Jul 2018

Trade wars could depress medium-term growth prospects: IMF

The recently announced and anticipated tariff increases by the US and ...

Courtesy: Mat Brown from Pexels

Textiles | On 17th Jul 2018

India increases import duties on textiles & apparel

The Government of India has increased basic customs duty on several...

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Top executives
Textile industry

GST has levelled the playing field to an extent

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

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

Pranav Mishra
Huemn

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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


July 2018

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

news category


Related Categories:

Advanced Search