Home / Knowledge / News / Textiles / Textiles & handicrafts recipients of govt largesse
Textiles & handicrafts recipients of govt largesse
23
Aug '10
Today, the Government of India extended incentives amounting to Rs 10.52 billion to exporters, mainly for labour intensive sectors like leather, handicrafts and textiles.

These sops will help these industries to survive through the still-fragile global economic recovery.

The benefits which have been extended are through the various schemes like DEPB, under which taxes are reimbursed to exporters, subsidized interest and incentives for import of capital goods.

However the government made it clear that this would be the last time that incentives would be available on the DEPB scheme and it would not be extended again, since it is against WTO rules.

Handloom, handicrafts, carpet and SMEs have been availing the facility of two percent interest subvention scheme, now additional products from sectors like leather, textiles, engineering, and jute have also been added to the scheme.

The zero-duty Export Promotion Capital Goods (EPCG) scheme too has been extended by a period of one year to March 31, 2012, which was originally set to expire on March 31, 2011.

Transactions costs were a bane for exporters and which totaled to around 7-8 percent of the export value. Steps to reduce these costs too were announced, which has been welcomed by one and all.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Steve Cole
Xerium Technologies

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

Silke Brand-Kirsch
Schlegel und Partner

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

Marten Alkhagen
Swerea IVF AB

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

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

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
March 2017

March 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