New Delhi, June 13 (KNN) The government needs to address the liquidity and manufacturing constraints to boost exports, said Trade Promotion Council of India (TPCI).
Dominating export sector, the readymade garments industry is getting a highest cash incentive of 5 per cent in the budget for fiscal 2019-20.
New Delhi, 11 June (KNN) After the comments of Union Commerce Minister Piyush Goyal on dependence under subsidies given by the Central Government, Tiruppur Exporters Association (TEA) has raised its concern on proposal of government to remove subsidy given to the readymade garment sector.
Speaking on the sidelines of the G20 Ministerial Meeting on Trade and Digital Economy, Commerce Minister Piyush Goyal called for more participation by Micro, Small, and Medium Enterprises (MSMEs) of developing nations in domestic and global trade, media reports said.
The Union Minister of Finance Nirmala Sitharaman started her Pre-Budget Consultations with different stakeholder Groups in connection with the forthcoming General Budget 2019-20 in New Delhi on Tuesday.
For the upcoming Budget 2019-20, the Finance Ministry led by Nirmala Sitharaman may consider fiscal incentives such as interest rate subvention and lower tax rates for up to certain turnover threshold for key MSME sectors, IANS reported, adding that the ministry is also keen on boosting employment and exports for MSMEs.