Business Standard

Export Incentive Scheme

Significant ramp up in capacities to help achieve $40 bn exports target

Steps such as significant ramp up in production capacities, and skilling of workforce will help achieve USD 40 billion garment exports target by 2030, AEPC said on Tuesday. Apparel Export Promotion Council of India (AEPC) Chairman Sudhir Sekhri said skilled workers like tailors and quality checkers are still not sufficient as during the peak season they go to their native villages thereby creating shortage. "Our target to reach USD 40 billion of RMG (readymade garments) export by 2030 can be a reality and my duty is to take every possible step to reach this target," Sekhri said. He said "we need to ramp up our capacities as the export houses in India are still unable to handle core/basic products which are required in huge quantities". He added that the council is also focused on skilling the workforce. "We are creating about 150,000 skilled workers every year but it is still not enough. To attain the growth that we are targeting, we need to empower our workforce with skills," he

Significant ramp up in capacities to help achieve $40 bn exports target
Updated On : 19 Mar 2024 | 1:15 PM IST

After RoDTEP, govt likely to extend export-boosting textile scheme

Ministry seeks Cabinet's approval regarding RoSCTL scheme

After RoDTEP, govt likely to extend export-boosting textile scheme
Updated On : 02 Nov 2023 | 11:15 PM IST

FAME II scheme helps put EV transportation on a par with ICE vehicles

The incentive scheme helps put green transportation on a par with ICE vehicles

FAME II scheme helps put EV transportation on a par with ICE vehicles
Updated On : 04 Oct 2022 | 10:00 PM IST

Govt to release incentive arrears worth Rs 56,027 crore to exporters

Clearing their dues has been a long-standing demand of exporters

Govt to release incentive arrears worth Rs 56,027 crore to exporters
Updated On : 10 Sep 2021 | 2:07 AM IST

Exporters approach court over cess on export incentives, get interim relief

The high court granted interim relief to petitioners against any "coercive" measures by the authorities

Exporters approach court over cess on export incentives, get interim relief
Updated On : 09 Jan 2020 | 9:04 PM IST

Why India lost a major trade dispute with US at World Trade Organization

Outbound trade fell by 6.57 per cent in September, to a three-month low with the trade decline plaguing major foreign exchange earners

Why India lost a major trade dispute with US at World Trade Organization
Updated On : 01 Nov 2019 | 1:13 PM IST

Govt working on new WTO-compliant export incentive scheme to replace MEIS

The formulation of the new export incentive scheme assumes significance as the US has dragged India to the WTO's dispute settlement mechanism over export subsidies

Govt working on new WTO-compliant export incentive scheme to replace MEIS
Updated On : 18 Oct 2018 | 12:14 AM IST