Home / Knowledge / News / Textiles / Govt asks exporters for inputs to boost shipments
Govt asks exporters for inputs to boost shipments
03
Feb '16
As India's exports continue to fall, the Commerce Ministry has solicited specific suggestions from exporters which could be taken up with various ministries, including Finance, to improve ease of doing business and boost waning exports.

Commerce and Industry Minister Nirmala Sitharaman sought specific inputs to reverse the negative trend in exports during her interaction with the representatives of 12 export promotion councils (EPCs) in New Delhi, according to an agency report.

"The Commerce Ministry will follow up with environment, textiles, customs and finance for easing out of few more things related to export promotion so that there is an ease of doing business from the exporters point of view," Sitharaman said after the meeting.

She asked the EPCs to inform the ministry on "what is not happening and what should ideally happen" on the respective area. The textile industry is one of the sectors hit by the export slowdown.

The minister also asked the council members to talk with their respective members and "seek specific interventions from the Ministry based on their inputs."

The minister assured them that the issues raised by them would be sorted out through discussions with the stakeholders concerned.

Sitharaman assured that her ministry would look into all the issues raised by the EPCs and will also approach External Affairs Ministry and Finance Ministry for customs related issues.

Commerce Secretary Rita Teaotia who also addressed exporters, said that the review of the India-Asean FTA has already been initiated.

During the meeting, several issues were flagged by the exporters including the impact of India-Asean FTA on the countrys exports, non-tariff barriers of other countries, currency volatility, special economic zones, problems in dealing with customs authorities and service tax.

Indias exports contracted for the 13th month in a row, dipping about 15 per cent in December to $22.2 billion due to steep decline in engineering and petroleum shipments.

India's total exports during April-December period declined by 18.06 per cent to $196.6 billion. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Sanjukta Dutta
Sanjukta's Studio

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

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


August 2018

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

news category


Related Categories:

Advanced Search