Export Boost: Garment firms welcome packageBS Reporter / Mumbai July 12, 2007Reacting to the package announced by the government earlier in the day, (Click here for the story), Rahul Mehta, president, Clothing Manufacturers Association (CMAI) said the three percentage point increase in duty drawback rates and the 2% relief in packing credit will certainly give the much-needed relief to garment exporters. "China had reduced rebate on apparel exports from July making their exports costlier by around 2%. These moves will increase India
