India s textile exports decline for the second year in a row due to geopolitical issues impacting the global economy. Learn more about the challenges faced by the textile sector and the efforts to boost exports.
Budget 2024: India s 2024 budget announcement has the potential to bring about significant changes in cross-border trade finance. This budget holds immense importance for companies engaged in international trade, as it could impact trade policies and financing options. One notable positive development expected is the revision of the Inverted Duty Structure , which has been adversely affecting domestic industries competitiveness and profitability.
Union Budget: The Apparel Export Promotion Council (AEPC) has urged the Indian government for tax incentives, including uniform GST rates, enhanced interest subsidies, and budgetary support for branding and marketing in the upcoming budget. AEPC emphasized the need for tax concessions for apparel manufacturers following Environmental, Social, and Corporate Governance (ESG) standards.