Skip to main content

HEWA lauds Modi Govt for back to back decisions to promote Indian Exports

  


New Delhi: The Home Textile Exporters' Welfare Association (HEWA) whole heartily thanked the Modi Government for giving patient hearing to various woes of Indian Textile exporters that were brought to the cognizance of various ministries and govt departments by HEWA.

The Union Minister for Textile & Commerce, Piyush Goel and Union Minister for Information & Broadcasting, Anurag Thakur declared during a press briefing recently that Government of India has approved disbursal of a hefty amount of Rs 56,000 crore arrear to the exporters under various schemes such as MEIS, RoSL, RoSCTL and RoDTEP.

The declaration is a very big relief for the entire Export Industry, which includes MEIS worth Rs 33,000 crore, RoSCTL and RoSL worth Rs 5,500 crore and few other schemes aggregating Rs 5,000 crore. An amount of Rs 12,500 crore for RoDTEP and Rs 7,000 crore for RoSCTL has been sanctioned this year, which is over and above that of Rs 56,000 crore.

As liquidity will be made available to our exporters under various Govt Schemes, a transformation impact on exporters' cash flow will be visible in the days to come thereby making India a Global leader in textile sector by achieving the target of 100 Billion Dollar exports from present approx 30 Billion Dollar and hence move towards the cherished goal of Aatmanirbhar Bharat mission of Prime Minister, Narendra Modi.

The declaration of release of Rs 56,000 crore under various tax refund schemes is a result of Modi Government's continuous efforts and various measures to promote Indian Textile Exports by extending World Trade Organization (WTO) compliant RoSCTL scheme for three years, announcement of RoDTEP rates and also launch of PLI Scheme benefiting Man Made Fibre (MMF) and technical textiles.



Vikas Singh Chauhan, Director, HEWA, said, “We wish to thank the Indian Government under the able leadership of PM Narendra Modi, Union Minister for Finance Nirmala Sitaraman, Minister for Textile & Commerce Piyush Goyal and former Minister for Commerce Suresh P Prabhu and former Minister for Textile Smriti Zubin Irani.”

All together among many positive decisions of Modi Government, the three decisions mentioned in para supra along with proposed Free Trade Agreement (FTA) in major international markets will give a giant leap in Investment, while the exporters will fetch new orders which in turn will generate more than 10 million new employment opportunities in Textile sector alone.

A positive characteristic of the Textile sector is that it comprises a maximum number of Small, Organized and Unorganized Units and MSMEs, which employ more than 45-50 million people, working on least investment and maximum employment model.

As the Textile sector is going to have a big chunk of benefits from all these fund release under various schemes the positive effect of this will be visible during forthcoming Christmas season as the Exporters will be in a capacity to work out whole heartedly in fulfilling their existing order and will also dare to fetch new orders from International Markets.

It was further stated that the HEWA office bearers are also thankful to former Minister for Commerce Suresh P Prabhu and former Minister for Textile Smriti Zubin Irani for sparing their precious time and having meetings with HEWA delegates and keenly listening to various issues raised before them.


Labels:

Comments

Post a Comment

Popular posts from this blog

‘Hawa Badlo’ launches ‘Mother Earth Blesses’ initiative

HawaBadlo, an initiative of GAIL ( India ) Ltd, has launched online campaign #MotherEarthBlesses for creating awareness about clean air and better environment. The initiative invites netizens to take responsibility and adopt befitting lifestyle habits such as planting trees, cycling, walking and carpooling, using public transport, conserving energy and using cleaner energy options. This initiative inspires and motivates younger generation to act upon curbing air pollution. An engagement contest has been initiated for large participation of people who are enthused to share their stories, poems, and slogans in both photo as well as video showing their positive inclination towards preserving environment and cleaner inhabitant. Ten most interesting stories with befitting photos and videos will be acknowledged for recognition. #MotherEarthBlesses initiative aims to inspire people for celebrating the festivities by being responsible to each other in view of the current pandemic and also
Post a Comment
Read more

Higher Education Conclave (HEC) to be held in Chandigarh on August 13

Chandigarh : The second Higher Education Conclave, being organized by Silver Fern Education Consultants on August 13, at Hyatt Regency Chandigarh, will see the participation of a large number of top foreign universities. To be held from 10am to 5pm, the conclave will offer students multiple options for admission to universities of their choice and opportunities for overseas education scholarships.       Almasto Kapoor, CEO (Founder & Partner), Silver Fern Education Consultants said, “Many universities and college delegates from countries such as the United Kingdom, Australia, Canada, the United States, and New Zealand have already confirmed to attend the conclave to ensure that students have the best guidance in their journey towards tertiary education overseas.” He revealed that top ranking institutes such as Queen Mary University London,  McMaster   University ,  University  of  Sydney ,  University  of  California ,  Riverside ,  University  of  Waterloo ,  University  of  E
Post a Comment
Read more

Old students of top legacy Boarding Schools hold Alumni Cricket Bash on 27-28 Nov at Chandigarh

Chandigarh :  The Alumni Cricket Bash (ACB), played among the alumni of the four most reputed, historic and best known legacy Boarding Schools of India, including The Doon School, Mayo College , Daly College and Scindia School , will be played on 27th and 28th November, at a neutral venue at IVCA. The tournament is being hosted by the Scindia School Old Boys Association (SOBA). This was announced at a press meet held at Chandigarh Press Club here today. Mitul Dikshit (left), President North, Scindia School Old Boys' Association at the press meet Mitul Dikshit, North President, SOBA, said, “The Alumni Cricket Bash has become the most prestigious annual cricket tournament. The main objective is to bury the old hatchets and create new friendships and bonds.” Banjul Badil, President, SOBA, said, “The tournament is hosted by each alumni at their respective 'alma mater' by rotation. Due to the global pandemic, this year, the Scindia School Alumni is hosting the tournament a
Post a Comment
Read more