Hotline: 1800 102 2007
X
Search Business Opportunities
2011-08-11

Apparel exporters seek benefits from Ministry

Apparel exporters seek benefits from Ministry

Apparel Export Promotion Council (AEPC) has urged the Minister of Commerce, Industry & Textiles, Anand Sharma to grant export benefits to the apparel sector to help industry.

The textile industry is facing a crisis over rising raw material prices and a decline in overseas orders in the last three months.

AEPC's chairman Premal Udani on Wednesday in his letter to the Commerce Minister has urged the Ministry to consider  DEPB for cotton/cotton yarn.

The letter cites out the importance of allowing DEPB of minimum of 15%, as the sector does immense value addition.

As most of the apparel manufacturers use duty drawback route, the letter claims that the sector deserves an incentive in the form of duty drawback, it said.

The letter has also emphasized the need of reinstating the 2% market linked focused product (MLFP) scheme for the US and EU  markets.

Sensing the current market sentiment, AEPC believes that consideration of their demand from the Commerce Ministry would help the apparel sector in a big way.

Related opportunities
  • Car wash / Ceramic Coating / Detailing
    Having passion and love to work on cars? Join hands..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Laundry & Dry Cleaning
    About : Started in 2015, Spin N Press is a growing..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • CAD/CAM/CAE & Multimedia
       About Us : Frameboxx Animation & Visual Effects offers skill-based curricula..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2008
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Casual dine Restaurants
    About: The legacy of Sanjha Chulha dates back to the year..
    Locations looking for expansion Delhi
    Establishment year 1978
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts