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'Apparel exporters in Faridabad should get benefits of EPCG'
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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.
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