Garment exporters hail Union govt’s rebate scheme

  • | Monday | 18th March, 2019

Government should have at least introduced special interest subvention scheme for garment sector which would have definitely given a big push to the sector.” Ludhiana: City’s garment exporters are jubilant over the Union cabinet’s decision to provide rebate over the state and central embedded tax to the textile sector. The decision which was taken by the Union government on Thursday is being hailed by the exporters who are of the view that this will lead to improvement in the garment and textile export from India which was registering a downfall.Executive council member of Apparel Export Promotion Council Narinder Chugh, said, “This is solely due to the efforts of our organisation that this long-pending demand of ours has been fulfilled by the Union government. This decision will lead to garment exporters ending up getting an additional incentive of 3.5 to 4 percent on exports which will lead to revival of garment exports from India which had suffered a huge hit from past sometime.”President of Knitwear and Apparel Exporters Organisation Harish Dua said, “This will go a long way in supporting our ailing industry as the rebate on the state and central embedded tax to the textile sector will indirectly benefit the garment exporters who were already facing the slump and also fighting on various fronts to break even.”President of Knit and Fab cluster Bhushan Abbi said, “We welcome this step if the central government, but this is not enough to boost the garment and textile manufacturing sector.

Ludhiana: City’s garment exporters are jubilant over the Union cabinet’s decision to provide rebate over the state and central embedded tax to the textile sector. The decision which was taken by the Union government on Thursday is being hailed by the exporters who are of the view that this will lead to improvement in the garment and textile export from India which was registering a downfall.Executive council member of Apparel Export Promotion Council Narinder Chugh, said, “This is solely due to the efforts of our organisation that this long-pending demand of ours has been fulfilled by the Union government. This decision will lead to garment exporters ending up getting an additional incentive of 3.5 to 4 percent on exports which will lead to revival of garment exports from India which had suffered a huge hit from past sometime.”President of Knitwear and Apparel Exporters Organisation Harish Dua said, “This will go a long way in supporting our ailing industry as the rebate on the state and central embedded tax to the textile sector will indirectly benefit the garment exporters who were already facing the slump and also fighting on various fronts to break even.”President of Knit and Fab cluster Bhushan Abbi said, “We welcome this step if the central government, but this is not enough to boost the garment and textile manufacturing sector. Government should have at least introduced special interest subvention scheme for garment sector which would have definitely given a big push to the sector.”

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