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
| On 28th Sep 2021
Taking historic and decisive action to help keep workers safe on the...
| On 28th Sep 2021
The Asian Development Bank has approved a $250-million policy-based...
Spurred by record global imports, US cotton exports in 2020-21 were...
National Institute of Fashion Technology
Campus placements are low due to lockdowns
Cannot see the world breaking away from cotton & polyester
Trainers faced immense challenges as most were not tech-savvy
Headquartered in Apt, South of France, Delta Plus designs, manufactures...
Dhruv Toshniwal & Udit Toshniwal
Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...
Shambhu Nath Jha
Leading research and consulting firm Fact.MR recently launched a report on ...
Loomia designs and manufactures soft circuit systems that can be produced...
From May 14 to 17, international exhibitors will present the entire...
INDA, a global association of the nonwoven fabrics industry, has been...
<b>Anjali Bhaskar</b> has an experience of 12 years in the fashion...
A Humming Way
A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...
Label Reynu Taandon + Nikhita
Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.