Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Continuation of stimulus subject to allocation to MoC
Continuation of stimulus subject to allocation to MoC
24
Feb '10
Continuation of Stimulus package for exporters in general and that of textiles and handloom in particular will henceforth be subject to budgetary allocations of Finance Ministry for Ministry of Commerce & Industry for fiscal 2010-11 since economy is now in for recovery with industrial production picking up, exports showing acceleration and GDP growth likely to be close to 7.5 per cent, says State Minister for Commerce & Industry, Mr. Jyotiraditya Scindia.

Inaugurating ASSOCHAM-IMC Exhibition-Conference on `Women Entrepreneurs', Mr. Scindia said that Commerce and Industry Ministry favored that stimulus package for stressed segments of exports should continue until these come out of recessionary modes.

The Commerce and Industry Ministry has already urged the Finance Minister, Mr. Pranab Mukherjee that he should maintain amount of yearly budgetary allocations for Ministry of Commerce and Industry at levels extended in the Budget of 2009-10 to enable the Ministry to extend relief measures for stressed sectors in next fiscal.

“It depends on the Finance Minister if allocations are good enough, the Ministry of Commerce and Industry will continue to extend fiscal relief to concerned stake holders in textile, handloom and exporters in areas that fall under domain of the Ministry. Such incentives would be in addition to fiscal and excise benefits that the Finance Ministry allocates for industry in general for next fiscal”, stated Mr. Scindia.

The Minister also promised slew of measures in the forthcoming Foreign Trade Policy to be unveiled by Commerce and Industry Minister in next few weeks so that weavers and preservers of Indian cottage, small and tiny industries are given sufficient protection.

According to him, the emphasis would be laid in the National Foreign Trade Policy to take markets to weavers and artisans so that their work is sufficiently rewarded and weavers and artisans are prevented from running pillar to post to sell their products.

Mr. Scindia and Dr. Swati Piramal, ASSOCHAM President gave away 10 Women Entrepreneurs' awards instituted by ASSOCHAM and IMC for promotion of domestic weaving and saree makings. The Heritage weavers awards were given away to Ms. Sally Holkar, Ms. Jamini Peyany, Ms. Rashmi Prasanth Tapadia, Ms. Pooja maheswari, Ms. Shamlu Dudeya, Ms. Ahalya S. Sarangi, Ms. Sunita Burad, Ms. Sulochna Salvi and Ms. Afroz Jahan.

Among well known women entrepreneurs present on the occasion comprised Ms. Pratibha Advani, Ms. Pia Singh, Princess Diya Kumari, Ms. Anuradha Prasad, Ms. Kavita Bhartia, Ms. Latika Dikshit, Ms. Manik Karanjawala, Ms. Sangeeta Bijlani, Ms. Sara Pilot, Ms. Shweta Nanda, Ms. Supriya Sule, Mrs. Sheila Kriplani, President, IMC Ladies Wing, Ms. Sheetal Ansal and Ms. Rashmi Jolly.

Associated Chambers of Commerce and Industry of India


Must ReadView All

Courtesy: Amazon

Apparel/Garments | On 23rd Sep 2018

Consumers in Turkey get access to Amazon

Amazon has launched in Turkey giving customers in the country...

Value in omni-channel retail with Flipkart buying: Walmart

Apparel/Garments | On 23rd Sep 2018

Value in omni-channel retail with Flipkart buying: Walmart

With the acquisition of Flipkart, Walmart sees great value in...

E-com to result in common SE Asian consumer market: BCG

Textiles | On 23rd Sep 2018

E-com to result in common SE Asian consumer market: BCG

The rapid spread of e-commerce and digital technologies is binding...

Interviews View All

Smita Murarka, Amanté

Smita Murarka
Amanté

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

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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 2018

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

news category


Related Categories:

Advanced Search