Home / Knowledge / News / Textiles / SRTEPC : New FTP is growth-oriented
SRTEPC : New FTP is growth-oriented
Aug '09
Shri G. K. Gupta
Shri G. K. Gupta
The Government has announced the Foreign Trade Policy for 2009-14 on 27th August, 2009. “The new Foreign Trade Policy for 2009-14 is positive, growth –oriented and in the right direction,” Shri Ganesh Kumar Gupta, Chairman of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), said.

The increase in the Duty credit entitlement rate from 2.5% to 3% under the Focus Market Scheme will certainly encourage the exporters to venture into the Latin American, CIS and the African markets especially taking into account the depressed market condition in the US and the European markets, according to Shri G. K. Gupta. The extension of the DEPB scheme up to 31.12.2010 will provide the necessary stability for the exporters in taking a long term perspective while negotiating export business, according to the SRTEPC Chairman.

The Foreign Trade Policy has included exports of Synthetic textiles fabrics to certain specified countries, such as Algeria, Egypt, Kenya, Nigeria, South Africa, Tanzania, Brazil, Mexico, Ukraine, Vietnam, Cambodia, Australia and New Zealand has been included under the market-linked Focus Product Scheme ( MLFPS). Further, technical textiles have been included under the Focus Product Scheme. Both these measures will provide the necessary encouragement to the exporters of synthetic & technical textiles, Shri Gupta observed.

Other measures such as the introduction of the zero duty EPCG scheme, duty credit scrips for the status holders, increased funds allocation under the MDA and the MAI Schemes are all steps in the right direction, according to Shri Gupta. He, however, felt that more concrete measures should have been introduced in the Policy to help the exporters to overcome the difficult situation which they are in due to the current ongoing slowdown in the major export markets owing to the global economic recession.

Synthetic & Rayon Textiles Export Promotion Council (SRTEPC)

Must ReadView All

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Textiles | On 24th Oct 2016

ACIMIT shows sustainable technologies at ITMA Asia

ACIMIT, the Association of Italian Textile Machinery Manufacturers,...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

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

Mike Hoffman
Gildan Activewear SRL

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search