SME Times is powered by   
Search News
Just in:   • SpiceJet re-introduces 'Zero Change fee' offer  • 'Good' progress made at nuclear talks but issues remain: Iran  • Fiscal package may be on cards to maintain economic recovery amid Covid 2.0  • Striking taxi drivers demands unreasonable: Goa tourism body  • Govt notifies Rs 6k cr PLI scheme for AC, LED light manufacturing 
Last updated: 27 Feb, 2021  

Apparel.9.Thmb.jpg 'Apparel exporters in Faridabad should get benefits of EPCG'

   Top Stories
» Fiscal package may be on cards to maintain economic recovery amid Covid 2.0
» FICCI writes to 25 CMs on Covid management
» Regulation of insolvent firms' shares still remains a dilemma
» ECLGS 2.0 now covers SMA-1 borrowers
» Forex reserves up by over $4 bn
SME Times News Bureau | 27 Feb, 2021
The Apparel Export Promotion Council (AEPC) has urged the Centre to declare Faridabad, Delhi and Erode as 'Towns of Export Excellence' which would help exporters set up expensive facilities for common use by exporters in the region.

The demand comes after Noida was declared "Town of Export Excellence" for apparel products.

"The recognition entitles the Common Service Providers in the area to avail the Export Promotion Capital Goods (EPCG) scheme, which in turn would enable them to provide advanced technologies and services to the 700 existing apparel industries in Noida," said AEPC Chairman A. Sakthivel.

Accordingly, 'Common Service Providers' are critical to the apparel industry as they help in reducing the cost of technology by providing services like specialised knitting, dyeing and embroidery, which require high end machines.

However, due to their limited use, these machines are not procured by MSMEs.

"We have also requested for including apparel clusters like Faridabad, Delhi and Erode in the list of Towns of Export Excellence. Faridabad and Delhi have turnovers of Rs 5,880 crore and Rs 5,894 crore respectively, way more than the requirement of Rs 750 crore turnover from a town to get the tag," Sakthivel said.

The move will allow these cities to provide a huge amount of employment with value addition, he added.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 18 Apr, 2021
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Covid second wave: Lockdown or no lockdown(2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter