Home / Knowledge / News / Textiles / Govt to soon resolve exporter's issues
Govt to soon resolve exporter's issues
29
Jul '10
Government will soon take adequate measures to help labour-oriented industries such as textiles and handicrafts, recover from the after-effects of world economic downturn, informed, Commerce and Industry Minister, Anand Sharma.

After having met an exporters delegation, which was led by CII, Sharma averred that, many sectors like the aforesaid were not performing well and hence, certain measures were soon to be taken up to resolve the matter.

During the April-June quarter year-on-year basis, exports of apparels slipped by 14 percent. During the same period, shipments for handicrafts stood at only US $470 million of the India's overall $51 billion exports.

Sharma is scheduled to meet industry-based organisations and export promotion councils in due course of time, to evaluate the export performance of various segments and come about with beneficial future policies on exports.

Other topic of discussion during the meet was the easy availability of credit to exporters. The ministry has just recently finished its analysis of the varied segments and there were indications that, the exporters in the labour-oriented sectors might receive some financial sops.

More so, the committee led by Minister of State of Commerce and Industry, Jyotiraditya Scindia, to suggest ways to lessen the transaction cost for exporters, has also ended the work that was assigned to it.

Sharma informed that, they were off late worried about the increased cost of transaction, as currently, it works out to be 7-8 percent of the overall export value in the country.

Exports in June, this year, increased by 30.4 percent over the corresponding period, last year, yet they fall short of the figures recorded during the pre-financial crisis period.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Mohammad Hassan
Biax Fiberfilm

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

Larry L Kinn
Suominen Corporation

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


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