Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-09-24

Increase sourcing from SMEs in multi-brand retail: AEPC to Commerce Ministry

Apparel body Apparel Export Promotion Council (AEPC) has asked Commerce and Industry Minister Anand Sharma to increase the mandatory share of domestic sourcing for foreign retailers in multi-brand retail to benefit small and medium enterprises (SMEs).

Apparel body Apparel Export Promotion Council (AEPC) has asked Commerce and Industry Minister Anand Sharma to increase the mandatory share of domestic sourcing for foreign retailers in multi-brand retail to benefit small and medium enterprises (SMEs).

A Sakthivel, President, AEPC, in a letter to Sharma asked him to increase the minimum sourcing clause from current 30 per cent to 50 per cent to protect India's small textile manufacturers.

He said that the move would also help garment exporters in the country.

"I request to increase the share of domestic sourcing in multi-brand retail by another 20 per cent in order to provide benefit of multi-brand retailing in India. The SME sector would definitely take advantage of this," Sakthivel said in his letter to Sharma.

The government has allowed 51 per cent foreign direct investment (FDI) in the multi-brand retail sector. In order to protect the interest of small enterprises, the Cabinet has said that the global retailers will have to procure 30 per cent of their requirement from small units.

He said that if the government does not put mandatory sourcing conditions, the foreign retailers will buy garment and apparels from Bangladesh and sell in their stores here as India allows duty free imports of textile products from that country.

"In order to immediately take advantage of domestic sourcing, it is proposed that additional 20 per cent sourcing can be mandated by the government, which can be procured from the existing garment exporting firms," Sakthivel added.

Related opportunities
  • 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
  • Bakery & Confectionary
    About Us: tylish & quaint, Sassy Teaspoon is the quintessential go-to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Healthcare Products
    About Us: Fitnesstack is a premier brand for Fitness and Bodybuilding..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • About Us  VIP Academy is one of gujarat`s renowned  chains of..
    Locations looking for expansion Delhi
    Establishment year 1996
    Franchising Launch Date 2013
    Investment size Rs. 5lac - 10lac
    Space required 500
    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