AEPC urges govt to suspend order allowing trans-shipment of Bangladesh export cargo through Delhi Air Cargo complex due to Red Sea crisis increasing transportation costs and shifting export shipments from sea to air mode. Excessive increase in air freight rates, delay in handling and processing of export cargo, and severe congestion at Cargo Terminal making exports uncompetitive.
The textile and apparel industry is the second largest employer in the country offering employment to 45 million people and 100 million in allied industries.
Apparel exporters body AEPC says a uniform GST rate of 5 per cent should be levied across the entire MMF (man-made fibre) value chain (fibre, yarn and fabric)
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.
India will organise a series of mega fairs and exhibitions next year in sectors such as food, textiles and auto with a view to attract overseas buyers and increase global footprint of the domestic industry, a senior government official said on Friday. Director General of Foreign Trade (DGFT) Santosh Kumar Saranagi said it was observed that only a handful of domestic exhibitors go outside to participate in such events.