AEPC Chairman hails increase in interest subvention

July 31, 2013 - India

Dr A Sakthivel, Chairman, AEPC has welcomed the increase in rate of interest subvention from 2% to 3 %.

In his statement issued Dr. Sakthivel thanked Union Finance Minister Shri P Chidambaram and Union Commerce Minister Shri Anand Sharma.

The move will help all SME exporters as the availability of capital at low interest is critical component. The Government is concerned due falling exports, the volatility in rupee against dollar therefore; this intervention was the need of time.

It will also help in addressing the growing current account deficit. This measure will surely improve the liquidity condition and help in the boosting the apparel exports from India.