Garment industry needs policy support, incentives to increase exports: AEPC
Himanshu Vatsa | The Dollar Business India’s garment industry needs policy support along with incentives on urgent basis to achieve the annual export target, said Virender Uppal, Chairman of the Apparel Export Promotion Council (AEPC). Expressing concern over the falling growth rate of the country’s garment export from 9.2% in April to 5% in May this year, Uppal said, “Achieving the target of $18.7 billion in 2015-16 would be very ambitious task and difficult to achieve, unless, the recommendations of the AEPC are accepted and implemented.” According to the AEPC chairman, sliding demand in the US and European countries coupled with withdrawal of various incentives and interest subvention scheme by the government in the new foreign trade policy (FTP 2015-19) ...
