Home / Knowledge / News / Apparel/Garments / Ensure continuance of MEIS: TEA tells govt

Ensure continuance of MEIS: TEA tells govt

08
Mar '19
Pic: Pixabay
Pic: Pixabay
The Tiruppur Exporters’ Association (TEA) has urged the Indian government to ensure continuance of incentive at 4 per cent under the Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20). TEA has sought continuance of the scheme until the government signs free trade agreements (FTAs) with the EU, Canada and Australia.

In May 2018, the Directorate General of Foreign Trade (DGFT), under the ministry of commerce and industry, had extended the incentive under the MEIS beyond June 30, 2018. However, there was no mention of the period till when it was extended. So, there is ambiguity about the continuance of MEIS further to complaint lodged by US, EU and Russia with the World Trade Organization (WTO), TEA president Raja M Shanmugham said in a press release.

“The US government has already started taking steps for protection of its industry and also promotion of its exports and economy,” Shanmugham said. In this scenario, TEA has requested the textiles minister Smriti Irani to spearhead the initiative to protect India’s textiles industry and for sustenance of its exports, since the discontinuance of MEIS will make it difficult for the exporting units to sustain in the market.

“We need a level playing field to enhance our share in the major markets. As the garment exporting units are deprived of getting competitiveness, we request the minister to kindly use her good offices with the Union minister of commerce and industry and ensure the continuance of MEIS till FTA is signed with the EU, Canada and Australia,” Shanmugham said.

He added that TEA members are taking various measures to enhance their efficiency and simultaneously cutting down the cost wherever possible in their functional areas. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Sep 2021

California 1st US state to require hourly wages for garment workers

Taking historic and decisive action to help keep workers safe on the...

Pic: ADB

Textiles | On 28th Sep 2021

ADB approves $250-mn loan to support Bangladesh’s economic recovery

The Asian Development Bank has approved a $250-million policy-based...

Pic: Shutterstock

Textiles | On 28th Sep 2021

US 2020-21 cotton exports highest in 15 years

Spurred by record global imports, US cotton exports in 2020-21 were...

Interviews View All

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

<b>Anjali Bhaskar</b> has an experience of 12 years in the fashion...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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


September 2021

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


Advanced Search