AEPC welcomes the extension of Gujarat's textile policy; looks forward to conducive Apparel Package for new investment and employment
New Delhi, September 10, 2017: AEPC has welcomed the announcement of Gujarat government to extend its textile policy by one year. The policy which was set to expire on September 4, 2017, will now remain in force till September 3, 2018.As part of its consultations for the new textile policy for Gujarat, AEPC had asked for the availability of plug and play Infrastructure for apparel manufacturing in the form of readymade sheds for apparel factories in select locations either on long-term lease or rental basis. The Council has also asked for incentives in the form of infrastructure and project cost assistance for setting up mega Apparel Park in the state and exemption of stamp duty for the developer of park and enterprises on purchase of land.
Commenting on the initiative, Mr. Ashok G Rajani, Chairman Apparel Export Promotion Council said, “We welcome the announcement of Gujarat government to extend its textile policy by a year. The textile policy of the state has been formulated with an objective to realize honorable prime minister's vision of “Farm to Fibre to Fabric to Fashion to Foreign” (5 Fs)".To help Gujarat in realization of this objective, AEPC has already submitted a set of recommendations for implementation, to the state government. We are hopeful that the state government will consider the all-encompassing draft recommendations of the council and include the same in the form of an apparel package/policy to make state an attractive destination for investments in garments and textile sector.”
In its recommendations, the council has also asked for interest subsidy to apparel units that have availed benefits under the TUFS with MSME units having the option to choose availing of the assistance of capital investment subsidy or assistance for interest subsidy as per the state scheme of assistance to MSMEs. On the issue of power tariff, the council has made a request for power tariff subsidy to those enterprises which operates at an average 75% capacity in the trailing 12 months. It has also asked Gujarat government to provide assistance for construction of dormitories as per the industry requirements in select locations.
Concurrent with Government of India's vision of Skill India, the council has also requested for providing wage assistance for new employment and assistance for setting up training institutions for skill development. It has asked for support to centers running ISDS, PMKVY, DDUGKY and other skill development schemes.
About Apparel Export Promotion Council (AEPC)
Incorporated in 1978, AEPC is the official body of apparel exporters in India that provides invaluable assistance to Indian exporters as well as importers/ international buyers who choose India as their preferred sourcing destination for garments. In recent years AEPC has worked tirelessly in integrating the entire industry - starting at the grass root level of training the workforce and supplying a steady stream of man power to the industry; identifying the best countries to source machinery and other infrastructure and brokering several path breaking deals for its members and finally helping exporters to showcase their best at home fairs as well as be highly visible at international fairs the world over. With AEPC's expertise and all the advantages that India has, it makes for a truly win-win situation - Indian exporters grow stronger each year in their achievements, skills and proficiency, while international buyers get superior solutions for their garment imports.
Web site: http://www.aepcindia.com/
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