Tirupur: The apparel export promotion council (Aepc) has warned the central government that if it failed to provide funds to the apparel exporters under supportive schemes, many export units would be closed and subsequently spark an unemployment crisis.
New Delhi: A two percentage point cut in duty incentives under an existing export scheme effective January 1 has panicked electronics manufacturers, who say the reduction has the potential to derail the $3 billion mobile handset export segment, halting capacity expansion and leading to job losses.
Coimbatore: A study conducted by textile industrial association Indian Texpreneurs Federation (ITF) on the current state of the sector has shown that about 45% of the firms across the state are facing a ‘severe or very severe’ crunch in their working capital requirements, which is affecting their performance.
EXIM Bank of India has a huge fund corpus of $ 6-7 billion waiting to be disbursed for project exports finance and the next fiscal is likely to see an uptick in disbursements, David Rasquinha, Managing Director & CEO EXIM Bank of India said on Monday.
The GST Council at its meeting next week will consider multiple options to boost revenues such as more items under cess and the restructuring of rates, officials said.
Under the Prime Minister's Employment Generation Programme (PMEGP) a total of about 5.70 lakh micro enterprises have been assisted, said an official statement on Monday.