>>
Home / Knowledge / News / Textiles / Special relief package for textile industry in offing

Special relief package for textile industry in offing

22
Nov '08
A special relief package to prop the export sector is expected to be presented to the apex committee chaired by the Prime Minister by next week-end, Mr. G K Pillai, Commerce Secretary, announced here today.

Addressing a meeting on 'Global Slowdown and Strategies for Sustaining India's Export Growth', organised by FICCI, Mr. Pillai said: “The Committee of Secretaries has had detailed discussions with the various export sectors and we hope to finish the exercise by Monday. By the end of the week the export relief package would be presented to the apex committee for its approval”.

The relief package, he said, will factor in the difficulties being faced by exporters and the fall-out of the global financial crisis, “the worst of which will come in March-April 2009,” Mr. Pillai said. He urged exporters to bring to the notice of the finance and commerce ministries, bank braches that were hesitant or unwilling to lend, despite explicit instructions from the Reserve Bank of India.

Mr. Pillai said, a meeting of Chief Ministers has been convened in the first week of December to discuss issues relating to the export sector and expediting the payment of dues to the industry, including refund of VAT.

The Commerce Secretary said, the government would be most sympathetic to employment-intensive sectors such as textiles, gems & jewellery and handicrafts.

He said, the government would actively consider reinstating the duty drawback and DEPB rates which were lowered before the financial crisis gripped the world and the rupee was appreciating. It would also strengthen the anti-dumping mechanism to ward off large scale dumping from China, Korea and Taiwan.

Representatives from the textiles, chemicals, garments, leather & footwear, synthetic fibre, tyre, steel, roller flour mills, rice, handicrafts, automotive bicycles, and meat and livestock sectors listed out the problems being faced by their industries and urged the government to come out with immediate remedial measures.



FICCI


Must ReadView All

Pic: U.S. Senator Kirsten Gillibrand

Textiles | On 17th May 2022

FABRIC Act introduced in US Senate, to protect 100,000 garment workers

Senator Kirsten Gillibrand recently announced the introduction of her ...

Pic: Shutterstock

Textiles | On 17th May 2022

US-EU TTC finalises economic, tech policies, initiatives at Paris meet

The US-EU Trade and Technology Council, in its second ministerial...

Pic: Shutterstock

Textiles | On 17th May 2022

Global fiscal recovery to slow in 2022 & 2023: Fitch Ratings

Global fiscal recovery in 2021 that followed the COVID-19 shock of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Ankur Bhatia,

Ankur Bhatia

Columbia Sportswear Company connects active people with their passions...

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Ahmet Gecikli,

Ahmet Gecikli

Ser Mekatronik, founded in 2008, is specialised for providing mechanical...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Maria Camila Giraldo, Brand - Pam & Gela

Maria Camila Giraldo
Brand - Pam & Gela

Maria Camila Giraldo is a Colombian actress, writer and entrepreneur...

Katie Gallagher, Label - Katie Gallagher

Katie Gallagher
Label - Katie Gallagher

An internationally recognised American fashion designer, Katie Gallagher’s ...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

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

ESTEEMED CLIENTS

Color Service s.r.l.
Zydex Industries
UBM China (Shanghai)
NV Michel Van de Wiele
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
DyStar India Pvt. Ltd
Gap International Sourcing Limited
Vianney Textil Hogar S.A. De C.V.
Centric Software
NITI Aayog
EMBEE CORPORATION
Woolmark Services India Pvt. Ltd.
Alix Partners
International Sourcing Expo Australia
Savio Macchine Tessili S.P.A.
Chori Company Limited
Tuyap Tum Fuarcilik Yapim A.S.
The Top Form Brassiere Manufacturing Company Limited
Equinox Impex India
Babyshop
Hela Clothing Pvt Ltd
Tchibo GmbH
Mayer & Cie. GmbH & Co. KG
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Midas Clothing Limited
Guess Europe Sagl,
JES MEDIA, INC
Marzoli Machines Textile s.r.l.
Thermore (Far East) Ltd.
CGS Inc.
EPCH
Reiter India Private Limited
Lenzing Aktiengesellschaft - India
Abit
KIABI
Infor (Hong Kong) Limited
Etam Group Strategy Hong Kong Limited
Walmart
Page Industries Limited (Bangalore)
PVH Corporation
Brandix Lanka Limited
Thai Trade Center
SYNERGIES HONG KONG LIMITED
COTTON COUNCIL INTERNATIONAL
GHCL LIMITED
TÜYAP IHTISAS FUARLARI A.S.
ZAITEX spa
Datatex Consulting Srl
Zünd Systemtechnik AG
Pt. Peraga Nusantara Jaya Sakti
Coats Digital Limited
Target Corporation (MN)
Gokaldas Exports Limited
Lenzing Aktiengesellschaft
Cat Tuong Real Estate Group Joint Stock Company
Datacolor AG Europe
FULGAR SpA
Itema Weaving (India) Private Limited
Tory Burch Hong Kong Ltd
Arvind Limited
Lisa S.P.A.
Tommy Hilfiger
THE BOMBAY DYEING ;& MFG.CO. LTD
Shanghai  Aige Exhibition Service Co., Ltd
Performance Days
TESTEX AG, Swiss Textile Testing Institute
VNU Exhibitions Asia
Inter Expo Center Ltd.
H. Stoll AG & Company KG
TESCO INTERNATIONAL SOURCING LIMITED
Bluesign Technologies Ag
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Sportswear Company Spa
Meera Dyestuff Industries
DuPont de Nemours, Inc.,
J ;& P Coats
Rosset ;& Cia Limited
T.T. Limited
Eurofins BLC Leather Technology Centre Ltd
Hirdaramani International Export Private Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Decathlon
Benetton Group
Green Fibre
Officina Meccanica Dora Enrico Srl
Aramark Uniform ;& Career Apparel, LLC
Stahl Holdings B.V.,
Lifestyle
Permoda(Koaj/Armi/Pronto/Bkul)
Esprit Europe Services GmbH
Varner AS Retail
Jiangsu Yingyang Nonwoven Machinery Company Limited
Vardhman Textile Ltd
Amazon China
Recron Polyester from Reliance Industries Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Mesdan SPA
Palexpo SA
K AND D ITMACH EXPOSITIONS LLP
Gatsby Africa
ITMA Services Pte Ltd
Indofil Industries Limited - Specialty & Performance Chemicals Division
Tradewind International Servicing
APLF Limited
KAS Direct Sourcing
Bluestem Global Sourcing Limited
Desigual - ABASIC, S.A.
IFF Media Ag - International Media Services
Lululemon Athletica Inc
Groz-Beckert KG
G.A.S. unternehmenskommunikation gmbh
BTC Textiles LLC
Rieter India Private Limited
BTSR International S.P.A.
Groz-Beckert East Asia LLP
IKEA of Sweden AB
Copenhagen Fashion Summit
N9 World Technologies Private Limited
Alison Hayes Romania
Applied DNA Sciences Inc
Kornit Digital Asia Pacific Ltd
BRINKMANN GMBH
Haelixa AG
Eastman Chemical Company
Boardriders Asia Sourcing Limited
Phong Phu international JSC (PPJ)
EUROVET ASIA LTD
Loris Bellini S.r.l.
OVS Hong Kong Sourcing Ltd.
Taiwan Textile Federation (TTF)
Helly Hansen Far East Ltd
Saurer Textile Solutions Pvt. Ltd.
Karl Mayer Textilmaschinenfabrik GmbH
IDH – The Sustainable Trade Initiative
Huntsman (Singapore) Pte Ltd
Jindal Worldwide Limited
The LYCRA Company Singapore  Pte. Ltd
Landmark Group
Kern – Liebers Textile
C;&A Sourcing International Ltd
Dow Silicones Corporation
IIGM Private Limited
Seasalt Limited
Under Armour Global Sourcing Ltd
Asos
Sainsbury's Argos Asia Limited
Messe Duesseldorf
Aquarelle Clothing Limited
Sportmaster Ltd.
USTER
TEXVALLEY MARKET LIMITED
Aleph Srl
Grasim Industries Limited
Lectra Technologies India Pvt Ltd.
FESPA (Reigate)
Puma
Italian Trade Commission
Messe Frankfurt Exhibition GmbH
Truetzschler India Private Limited
Recron Polyester from Reliance Industries Limited
G-Star Raw C.V.
Newtech Textile Technology Development (Shanghai) Company Limited
Indo Tex
Flainox S.r.l.
BIANCA
GIOVANNI BOZZETTO S.p.A.
Chico’ FAS
Rayonese Textile Inc., Division de Culp Inc.
John Varvatos
China World International Exhibition Company Limited
Lacoste (Wanchai)
GERBER TECHNOLOGY LTD.
H;&M Hennes ;& Mauritz (Far East) Ltd
Splash
CSGIA(China Screen Printing & Graphic Imaging Association)
Calvin Klein
Brückner Trockentechnik GmbH & Co. KG
Weitmann & Konrad GmbH & Co. KG
MAS Active / MAS Kreeda / MAS Bodyline
Maceton Limited
X-Rite Asia Pacific Limited (HK)
Nandan Denim Limited
SHAHI Exports Pvt Ltd
Xtema - Thomas Lebherz Textilmaschinen
Colours India Inc
Nihalani Events Management
Gloria Jeans
Shima Seiki Mfg. Ltd.
LC Waikiki
BIMBA ;& LOLA SL
Restoque S.A.
Thai Acrylic Fibre Company Limited
Lottmann Communications
Istanbul Fuarcilik A.S.
International Textile Manufacturers Federation
Comasia Limited
The LYCRA Company Singapore  Pte. Ltd
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)

May 2022

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


Advanced Search