Home / Knowledge / News / Textiles / FIEO seeks support for services sector

FIEO seeks support for services sector

10
Jul '09
Mr Subhash Goyal, Convenor, Federation of Indian Export Organisations (FIEO) Committee on Services, while commenting on the Union Budget 2009, thanked the Government for providing relief to the exporters by way of exemption with respect of FBT, service tax for areas like goods transport services and commission to foreign agents, simplification of procedure for refund of service tax, etc.

He complemented the Government for increasing the MDA fund, giving extension of tax holidays for one more year to EOUs, STP, EHTP units and the continuation of interest submission scheme with inclusion of some more sectors.

Mr Goyal expressed his dissatisfaction on not providing additional support to the services sector including tourism which constitutes more than 55% of India's GDP. He felt that there was an urgent need for special attention to the tourism sector, in view of the 26/11 incidence, which had badly affected the tourism sector.

He further emphasized that the long pending demand of giving the tourism sector an industry status was still not considered. He mentioned that tourism and hospitality sectors not only earn crucial foreign exchange for India but also create demand and opportunity for other sectors through foreign tourists. The foreign tourists during their visit in India buy “Made in India” items like handicrafts, jewellery, garments, etc and help in popularizing these products in their respective countries.

He also suggested that concessional finance to project exporters, income tax benefit to the consultancy and other service providers, service tax exemption to service providers and tour operators, should have been considered.

Federation of Indian Export Organisations


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Oct 2020

US, Brazil update agreement on trade, economic cooperation

The United States and Brazil yesterday signed a new protocol relating ...

Pic: Shutterstock

Textiles | On 20th Oct 2020

China building more competitive mulberry silk industry

China is striving to build a more competitive mulberry silk industry...

Pic: Shutterstock

Textiles | On 20th Oct 2020

CBN invests N120 bn to revive Nigeria's textile sector

The Central Bank of Nigeria (CBN) recently said it had invested over...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Textile Industry, Head honchos

Textile Industry
Head honchos

Strike a balance between handmade in India and 'Make in India'

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

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

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


October 2020

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


Advanced Search