Jairam Ramesh requests to raise carpets & shawls drawback rates

08 Dec '06

2 min read

A delegation of Kashmir Chamber of Commerce & Industry in their recent meeting with Shri Jairam Ramesh, Minister of State for Commerce in New Delhi, had requested for increasing the drawback rates for carpets and shawls and for inclusion of paper machie in the list of items eligible for drawback rate.

Subsequently, the matter was taken up with Department of Revenue, which after considering the issues has recommended a drawback rate of 5% in respect of decorative handicraft articles made out of paper machie.

The Kashmir Chamber of Commerce & Industry had also requested for grant of financial assistance under MAI/MDA for participating in the Trade Fair at Dubai to be held from 13th December 2006 to 9th February 2007.

The matter was taken up for action, and all formalities/requirements were completed. The Department of Commerce has also sanctioned an amount of Rs.50 lakhs as MAI assistance to the Chamber for this purpose.

The Minister of State for Commerce also assured the Kashmir Chamber of Commerce & Industry of Central Government support to establish an international exhibition-cum-convention centre in Srinagar.

The Centre's contribution is to be Rs.15 crores while the balance Rs.10 crores is expected to come from the State government. He also assured the Kashmir Chamber assistance to set up an Inland Container Depot ( ICD ) at Rangreth, Srinagar.

Press Information Bureau Government of India

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