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In Order To Improve Clothing Exports, The India Government Has Adopted A Four Step Action Plan.

2013/3/25 19:59:00 19

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In a written reply to the India Federal Assembly of the upper chamber of Parliament of India, Panabaaka Lakshmi, Minister of state responsible for "a href=" //m.pmae.cn/news/index_z.asp "textile > /a", said that the export of India a href= "//m.pmae.cn/news/index_c.asp" > clothing "/a" increased by 21.15% from 10 billion 685 million US dollars in 2008 to 12 billion 945 million US dollars in 2012, while that of Chinese clothing increased 31.21% from US $113 billion 21 million to 148 billion 302 million US dollars in the same period.
 on the main destination of clothing exports, she said that India's exports to the EU increased by 6.34% from $5 billion 189 million in 2008 to 5 billion 518 million US dollars in 2012. In contrast, the export of Chinese clothing to the EU increased by 20.31% from 28 billion 337 million US dollars in 2008 to 34 billion 94 million US dollars in 2012. 
 the minister said that according to the global trade information bureau, India clothing exports to the United States increased by 7.755 from 2 billion 836 million US dollars in 2008 to 3 billion 56 million US dollars in 2012. In contrast, China's exports to the United States for the same period surged 59.76% from 16 billion 393 million US dollars in 2008 to 26 billion 190 million US dollars in 2012. 
 in order to improve India's clothing export, the government has taken four step action plans. First, expand the Market Access Initiative (MAI) and market development assistance (MDA) to clothing export, strive for market diversification and increase the proportion of garment exports in world trade; second, under the technical development plan under ATDC, provide technical workers for garment export enterprises; third, provide assistance to the knitting technical group; finally, the technology renewal fund plan helps. 
 she also listed some measures taken by the government to help India's a href= "//m.pmae.cn/news/index_s.asp" > clothing export < /a > enterprises to increase exports. These measures include: 1) provide a 2% interest subsidy scheme for ready made clothing enterprises until March 2014. 2) provide additional incentives for export increments in the US, EU and Asian countries. 3) in the 2013-14 year, 2% of the FOB additional customs credit for certain knitted garments exports. 4) incorporate new markets, such as the Cayman Islands, New Zealand, Latvia, Lithuania and Bulgaria, into the key market plan. 5) the 2% key product plan linked to the US and the EU extended to March 31, 2013. 6) key market plan, key product plan, use of incentive certificate for status holders, payment of MLFPS domestic consumption tax and 7) zero tariff EPCG plan extended to March 31, 2013.