Apparel exporters facing liquidity crunch as refunds get delayed: FIEO President

Apparel and made-ups exporters are facing “acute” liquidity problem as huge amount of their funds are blocked under a rebate scheme for State levies and an export incentive programme, an exporters’ body flagged on Monday. The Federation of Indian Export Organisations (FIEO) said that around ₹6,000 crore of duty refund claims have not been disbursed under … Read more Apparel exporters facing liquidity crunch as refunds get delayed: FIEO President

Doubling gem & jewellery exports: Piyush Goyal tells exporters to use this govt scheme, other means

Domestic gem and jewellery sector comprise around 7% of the country’s GDP and 15% to the total merchandise exports. To boost exports and employment in the country, Commerce Minister Piyush Goyal has urged the gem and jewellery sector to step up and increase its exports to $75 billion faster. He also said that the Indian … Read more Doubling gem & jewellery exports: Piyush Goyal tells exporters to use this govt scheme, other means

Apparel exporters gear up to make sportswear

Local garment makers are gearing up with fresh investment to enter the global sportswear markets, as demand for the items is on the rise with changes in taste and fashion. Although Bangladesh is the second largest garment exporter worldwide after China, it has little presence in the global sportswear market worth $270 billion. China and … Read more Apparel exporters gear up to make sportswear

Ethiopia attracts Tirupur garment exporters with free land

A top level Ethiopian government delegation has extended an invite to Tirupur based garment producers to set up an apparel manufacturing facilities in Ethiopia and is offering free land for the same. These investors would get the benefit of preferential tariff benefits of zero import duty, when exporting clothing to markets of the US and … Read more Ethiopia attracts Tirupur garment exporters with free land