Home / Knowledge / News / Textiles / Handicraft trade expresses gratitude to commerce minister

Handicraft trade expresses gratitude to commerce minister

25
Jan '10
A delegation of handicraft exporters, headed by Chairman of Export Promotion Council for Handicrafts (EPCH) Mr. Raj Kumar Malhotra expressed its gratitude to Mr. Anand Sharma, Union Minister of Commerce & Industry for offering support to handicraft sector and taking policy measures during the economy crisis.

During the meeting with the Union Minister of Commerce & Industry, handicraft exporters also submitted a report on “Impact Appraisal of Initiatives” announced by Ministry of Commerce for the benefit of handicraft sector.

Mr. Sharma had offered a boost to country's Handicraft Sector through various incentives to maintain pace with the growing opportunities in this sector and to attain global demands as well as consumer preferences.

Incentives provided by the Minister, includes, counting all handicraft items under Vishesh Krishi Gramoudyog Yojna entitling 5 percent duty credit scrip under new special focus product scheme, extension of interest subvention of 2 percent, classifying Jaipur, Srinagar & Anantnag under town of export excellence, no custom duty for handicrafts sector under EPCG, export obligation extension, status holder getting duty credit scrip at 1 percent of the value of previous exports, special spur for opening showrooms and warehouses in Latin American Countries.

Moreover, EPCH will also receive assistance to establish warehouse and showroom in Latin America, through this stimulus package announced by the Ministry of Commerce, informed Mr. Malhotra. This would prove to be helpful to improve the exports to new markets and penetrate the untapped markets.

Extension of 2 percent interest subvention for labour intensive sectors like handicrafts and request to RBI to instruct commercial banks for non crystallization of overdue export proceeds for six months from the due date for handicraft and carpet sectors will also escalate the handicraft exports at this critical stage, added Mr. Malhotra.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 6th May 2021

China indefinitely suspends economic dialogue with Australia

The National Development and Reform Commission (NDRC) of China has...

Pic: Shutterstock

Retail | On 6th May 2021

Ireland announces new €5 million COVID-19 Online Retail Scheme

Ireland has launched a new round of the COVID-19 Online Retail Scheme ...

Pic: Shutterstock

Textiles | On 6th May 2021

Cotlook A index expected to drop by 6.18% by June: TexPro

The Cotlook A index is expected to decline by 6.18 per cent in June...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Barry Goodwin,

Barry Goodwin

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

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

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

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

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


April 2021

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


Advanced Search