Hotline: 1800 102 2007
Hotline: 1800 102 2007
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
  • Casual dine Restaurants
    About Us: Company is into F&B Business with concepts such as..
    Locations looking for expansion Karnataka
    Establishment year 2011
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Skills / Personality Development
    About Us: INIFD Gurukul, a wholly owned concern of NIFD Limited,..
    Locations looking for expansion punjab
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater chandighar punjab
  • Tea and Coffee Chain
    Stark Bistro is an effervescent & lively cafe with a..
    Locations looking for expansion Orissa
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bhubaneswar Orissa
  • Bed Linen Bed Sheet, Pillow Cover, Quilts
    About Us: WE ARE A FOR-PROFIT BUSINESS WITH A SOCIAL MISSION We,..
    Locations looking for expansion Rajasthan
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 200
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Udaipur Rajasthan
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