Home / Knowledge / News / Textiles / Handicraft trade expresses gratitude to commerce minister
Handicraft trade expresses gratitude to commerce minister
25
Jan '10
A delegation of handicraft exporters, headed by Chairman of Export Promotion Council for Handicrafts (EPCH) Mr. Raj Kumar Malhotra expressed its gratitude to Mr. Anand Sharma, Union Minister of Commerce & Industry for offering support to handicraft sector and taking policy measures during the economy crisis.

During the meeting with the Union Minister of Commerce & Industry, handicraft exporters also submitted a report on “Impact Appraisal of Initiatives” announced by Ministry of Commerce for the benefit of handicraft sector.

Mr. Sharma had offered a boost to country's Handicraft Sector through various incentives to maintain pace with the growing opportunities in this sector and to attain global demands as well as consumer preferences.

Incentives provided by the Minister, includes, counting all handicraft items under Vishesh Krishi Gramoudyog Yojna entitling 5 percent duty credit scrip under new special focus product scheme, extension of interest subvention of 2 percent, classifying Jaipur, Srinagar & Anantnag under town of export excellence, no custom duty for handicrafts sector under EPCG, export obligation extension, status holder getting duty credit scrip at 1 percent of the value of previous exports, special spur for opening showrooms and warehouses in Latin American Countries.

Moreover, EPCH will also receive assistance to establish warehouse and showroom in Latin America, through this stimulus package announced by the Ministry of Commerce, informed Mr. Malhotra. This would prove to be helpful to improve the exports to new markets and penetrate the untapped markets.

Extension of 2 percent interest subvention for labour intensive sectors like handicrafts and request to RBI to instruct commercial banks for non crystallization of overdue export proceeds for six months from the due date for handicraft and carpet sectors will also escalate the handicraft exports at this critical stage, added Mr. Malhotra.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Smita Murarka
Amanté

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

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Urs Stalder
Sanitized AG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ritu Kumar
Label Ritu Kumar

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

Sonam & Paras Modi
SVA

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X