>>
Home / Knowledge / News / Textiles / Rs 40 billion export fund created under new textile policy

Rs 40 billion export fund created under new textile policy

18
Aug '09
The Advisor to the Ministry of Textiles, Mirza Ikhtiar Baig, announced that, for the first time in the history of the country, a huge amount totaling to Rs 40 billion is being set aside as export development fund, under new textile policy.

He said the National Export Policy (NEP), has targeted to increase revenue from exports to US $25 billion within the next five years and as a first step has reduced the mark-up to 5 percent, in a bid to boost textile exports.

Under the NEP, the government is planning to provide zero rating to exports which could help the exporters price their competitively and is also mulling to provide relief to manufacturer-exporters who are unable to clear their debts.

He said, “State Bank of Pakistan (SBP) has decided to grant textile sector an opportunity to refinance outstanding fixed-term loans taken from banks and DFIs for the import of plant and machinery through loans under the SBP's LTF-EOP scheme.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2022

Egypt’s garment exports rise by 41% to $2.49 bn in 2021 over 2020

The Egyptian apparel sector’s exports rose by 41 per cent in 2021 to...

Pic: Prasit Rodphan | Dreamstime.com

Textiles | On 28th Jan 2022

Cambodia-Vietnam trade volume touches $9.3 bn in 2021

Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise...

Pic: Tonny Anwar | Dreamstime.com

Textiles | On 28th Jan 2022

US imports under CBI rose to $1.2 bn in 2020 from $1.1 bn in 2019

US imports under the Carribean Basin Initiative (CBI) tariff...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

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

John Varvatos
Abit
T.T. Limited
Vardhman Textile Ltd
Huntsman (Singapore) Pte Ltd
Lenzing Aktiengesellschaft
Vianney Textil Hogar S.A. De C.V.
Varner AS Retail
Under Armour Global Sourcing Ltd
Aramark Uniform ;& Career Apparel, LLC
Seasalt Limited
Target Corporation (MN)
KAS Direct Sourcing
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
G-Star Raw C.V.
Benetton Group
LC Waikiki
Phong Phu international JSC (PPJ)
Desigual - ABASIC, S.A.
Lifestyle
Maceton Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
BIANCA
Helly Hansen Far East Ltd
Hela Clothing Pvt Ltd
Gloria Jeans
Rayonese Textile Inc., Division de Culp Inc.
Bluestem Global Sourcing Limited
IDH – The Sustainable Trade Initiative
Arvind Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Truetzschler India Private Limited
OVS Hong Kong Sourcing Ltd.
Sportswear Company Spa
BIMBA ;& LOLA SL
THE BOMBAY DYEING ;& MFG.CO. LTD
Alison Hayes Romania
Lisa S.P.A.
Puma
Tory Burch Hong Kong Ltd
Hirdaramani International Export Private Limited
Reiter India Private Limited
Babyshop
Groz-Beckert East Asia LLP
Gokaldas Exports Limited
TESCO INTERNATIONAL SOURCING LIMITED
NITI Aayog
Alix Partners
Page Industries Limited (Bangalore)
Chori Company Limited
Green Fibre
Landmark Group
Esprit Europe Services GmbH
Tommy Hilfiger
Aquarelle Clothing Limited
SYNERGIES HONG KONG LIMITED
Eastman Chemical Company
Sainsbury's Argos Asia Limited
Lacoste (Wanchai)
Gatsby Africa
Splash
Grasim Industries Limited
Asos
J ;& P Coats
H;&M Hennes ;& Mauritz (Far East) Ltd
Gap International Sourcing Limited
Rosset ;& Cia Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Calvin Klein
Tchibo GmbH
Recron Polyester from Reliance Industries Limited
Cat Tuong Real Estate Group Joint Stock Company
Midas Clothing Limited
Boardriders Asia Sourcing Limited
Walmart
Amazon China
C;&A Sourcing International Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
IKEA of Sweden AB
Etam Group Strategy Hong Kong Limited
Restoque S.A.
Sportmaster Ltd.
The LYCRA Company Singapore  Pte. Ltd
Brandix Lanka Limited
KIABI
Chico’ FAS
Lululemon Athletica Inc
International Textile Manufacturers Federation
Guess Europe Sagl,
PVH Corporation

January 2022

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


Advanced Search