Special package to generate 11 lakhs jobs in made ups sector
The Dollar Business Bureau The next three years for the made ups sector of India may witness healthy employment generation with the Cabinet approving a special package for the domain, as per information released by an industry body. According to Cotton Textiles Export Promotion Council (TEXPROCIL) Chairman Ujwal Lahoti, the special package has been targeted to create large scale direct and indirect employment to cover upto 11 lakh persons. “It will lead to strengthening exports of made ups at the same time,” he added. Calling it a “positive move by the government”, Lahoti said that the exporters will get the much-needed respite after this announcement as they face a duty disadvantage in the main market of EU as compared to products from competing ...
Textile industry wants export benefits on all products
Himanshu Vatsa | The Dollar Business Days after the government announced a revised list of textile products eligible for benefits under Merchandise Export from India Scheme (MEIS), industry leaders said that excluding knitted fabric from the list will have adverse impact on the country’s exports. In a fresh notification issued on July 16, the Directorate General of Foreign Trade (DGFT) revised the list of textile products and countries importing those products from India for giving credit benefits to exporters. As per the revised list, textile items shipped to European countries like Norway, Switzerland, Iceland and Liechtenstein will be eligible for duty credit scrip up to 5%. The fresh list also included exports of fabrics – both woven and knitted traded under various ...
