The exports of textiles and apparel from India are likely to miss the target of US$ 43 billion set for the current financial year by about $1 billion, Textiles Minister K Sambasiva Rao has said, Business Standard reported quoting PTI. ...
Tags: Indian Textile, Textile Exports, Apparel
The predominantly cotton based Indian textile industry, particularly Tamil Nadu textile industry which accounts for 47.5% of the spinning capacity, has been facing several challenges during the last five years on raw material front, ...
Tags: Cotton Prices, Spinners
The handloom industry is one of the industries which uses labour intensive techniques. The total number of people currently employed in this sector/industry is 43.32 lakhs as per the census of 2009-10. Handloom weaving constitutes one of ...
India’s textile and apparel exports for the quarter of April to June in fiscal year 2013-14 totaled US$ 7.79 billion which is almost the same as the exports made during the first three months of last fiscal year. The textile and ...
Dr A Sakthivel, Chairman AEPC has written to Union Finance Minister, Shri P Chidambaram, on the demand of Garment Exports to give separate chapter for interest rates in export sector. In his letter Chairman AEPC wrote, “Reserve Bank ...
Tags: Export Sector, AEPC
The government has announced increase in the rate of interest subvention from 2% to 3% to the exporters belonging to various sectors. It has been mentioned that all pending claims would also be cleared immediately. Welcoming the decision, ...
The Government of India has raised the rate of interest subvention for credit obtained by exporters from the present 2 percent to 3 percent, in view of persistent demand to both increase the rate of subvention and also to widen the ...
Tags: Indian Govt, Subvention Rate
Dr A Sakthivel, Chairman, AEPC has welcomed the increase in rate of interest subvention from 2% to 3 %. In his statement issued Dr. Sakthivel thanked Union Finance Minister Shri P Chidambaram and Union Commerce Minister Shri Anand Sharma. ...
Tags: AEPC Chairman, Apparel
The Union Minister of Textiles Dr. K.S. Rao met the exporters from Rajasthan in Jaipur during an interactive meet on Export Promotion of Handicrafts, Carpets, Wool, Textiles and Allied products and discussed the strategy for growth of ...
Mr. M Rafeeque Ahmed, President, Federation of Indian Export Organisations (FIEO) while commenting on the expansion in the interest-subvention scheme including 6 tariff lines for textiles including made-ups and 101 tariff lines in case of ...
Tags: Aid Textiles, FIEO
Before the announcement of the Foreign Trade Policy in the first week of April 2013, the Union Minister of Commerce, Industry & Textiles Shri Anand Sharma chaired the Board of Trade meeting. "Recognising the stress that our trade is going ...
Dr. A Sakthivel, Chairman AEPC, on behalf of the entire Textiles Industry has complimented Shri Anand Sharma for bringing in the favorable Foreign Trade Policy and timely interventions that lead to this turn around in the exports of RMG and ...
Tags: AEPC Chairman, Trade Policy
Dr. A Sakthivel welcomed the move by RBI to lower the repo rates by 25 BSP. He said, On behalf of the entire Textiles Industry I welcome move by RBI to lower the repo cut by 25 bsp. These measures will spur the demand and boost the ...
Tags: AEPC Chairman, Repo Rate
During the first eleven months of fiscal year 2012-13, India exported textiles worth US$ 28.4 billion, much below the target of US$ 39.6 billion set for the entire fiscal. In a written reply to the Lok Sabha, the lower house of Indian ...
Tags: Textile Exports, Textile
Mr M Rafeeque Ahmed, President, FIEO said that the Foreign Trade Policy announcement while maintaining stability of the policy provided improvement in it to add to competitiveness. Extension of Zero Duty EPCG Scheme will help in expansion ...
Tags: Trade Policy, FIEO