At the outset, let me wish all our readers “A Very Happy 2017". May the New Year bring all round cheer and prosperity in our lives, as we pursue
At the outset, let me wish all our readers “A Very Happy 2017". May the New Year bring all round cheer and prosperity in our lives, as we pursue excellence in our exports.
Special Package for Made- ups
The New Year began on an optimistic note as the Government kept it's promise and issued the notification regarding the “Special Package" for the Made - ups sector on the lines of the Garments package announced earlier. The package is well designed and includes schemes for Refund of State Levies, Additional incentives under TUFS, Employee Provident Fund Scheme Reforms (under Pradhan Mantri Rozgar Protsahan Yojana, PMPRY), Increase in Overtime Caps, Enhancing Scope of Section 80 JJAA of Income Tax Act.
All these measures are giant steps which will definitely lead to higher level of exports and employment. In fact creation of additional direct and indirect employment for 11 lakh persons in the next three years is the raison d'être of the scheme.
Stakeholder's Meeting of Made- ups Manufacturers and Exporters
In order to announce the "Special Package" for the Made- ups sector, the Hon'ble Minister chaired a meeting of all stake- holders on 5 January, 2016 at New Delhi. Leading exporters and manufacturers of Made- ups from all parts of the country attended the meeting. Various issues relating to transaction costs, need for better printing and processing abilities, setting up of R&D and testing facilities, etc were highlighted by the participants.
Friends, now that the Government has kept it's part of the promise, we as trade and industry should rise to the occasion and put in all our efforts to create additional employment. The Government will also be putting in place a monitoring system to ensure that the target of 11 lakh employment is met.
Personal Hearing in the Anti- Dumping Proceedings on Cotton Yarn of Counts 55.5 and above initiated by Pakistan
Officials of the Council led by the Executive Director and including the legal counsel attended a personal hearing on 26 December, 2016 in Islamabad, Pakistan in the aforesaid anti- dumping proceedings. The delegation pointed out various infirmities in the proceedings including those relating to the "standing" of the complainants, definition of "domestic industry", lack of "positive evidence" establishing dumping and injury to the domestic industry, lack of an "objective examination" of the "causal link" between " dumped imports" and injury to the domestic industry etc.
The National Tariff Commission (NTC) of Pakistan gave the Indian delegation a patient hearing and appreciated some of the arguments forwarded by them. We hope that the NTC gives due consideration to the important points raised by the Council and terminates the present proceedings.
Heimtextil Fair, Frankfurt
Friends, the Heimtextil Fair held in Frankfurt in January every year is a major event for the Made- ups and Home Textiles sector. Like in the previous years this year also around 325 Indian Companies are participating in the Fair.
However, unlike the previous years, all the participating Export Promotion Councils viz. Texprocil, PDEXCIL, HEPC, EPCH are joining hands under the Marketing plan drawn up by the Ministry of Textiles and undertaking joint publicity and promotion.
A Road Show and Networking event have also been planned on 11 January where leading importers have been invited for an interactive meeting on the theme of “Incredible Textiles of India". A high level delegation led by Mr Puneet Agarwal from the Ministry of Textiles will also be visiting the Fair to hold meetings with various stakeholders.
We do hope that all the exhibitors and participants at the Fair report good business and increase their exports in the New Year especially as the “Special Package" for Made ups has become a reality.
Friends, we have also taken up the pending issues relating to grant of MEIS for Cotton Yarn, grant of interest subvention to cotton yarn and the merchant exporters and the need to consider granting an additional benefit of 3% under MEIS for exports of Made- ups to EU in order to off- set the undue advantage of 9% conferred on our competitors like Bangladesh and Pakistan.
Finally, in conclusion it needs to be emphasized that exports are slowly but steadily on the upswing and we can all look forward to better times in the coming months.
Ujwal R Lahoti