• AEPC wel­comes the ex­ten­sion of MEIS scheme

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AEPC has wel­comed the ex­ten­sion of the Mer­chan­dise Ex­ports from In­dian Scheme be­yond June 2018. Ear­lier the Min­istry of Com­merce and In­dus­try through a no­ti­fi­ca­tion ex­tended the ap­pli­ca­bil­ity of MEIS scheme on gar­ments & made ups be­yond June 2018.

Com­ment­ing on the ex­ten­sion of MEIS scheme, HKL Magu, Chair­man, ap­parel ex­port pro­mo­tion Coun­cil (aepc) said, “On be­half of the ap­parel ex­port in­dus­try, AEPC grate­fully ac­knowl­edges the sup­port given by the Gov­ern­ment by ex­tend­ing the MEIS scheme in­def­i­nitely be­yond June, 2018.At present , the In­dus­try is go­ing through a tough pe­riod with its com­pet­i­tive­ness greatly eroded. This is re­flected in the un­prece­dented month on month de­cline in the ap­parel ex­ports ev­ery month af­ter Oc­to­ber 2017.

The ex­ten­sion in MEIS scheme has given us a breather and sanc­tion of our re­quest to en­sure that all em­bed­ded, non­re­im­bursed cen­tral and state levies be re­funded which will help in restor­ing the com­pet­i­tive­ness of In­dian ex­ports . This will en­able us to in­crease In­dia’s share in the world mar­ket and given our high em­ploy­ment in­ten­sity, cre­ate sig­nif­i­cant em­ploy­ment op­por­tu­ni­ties across In­dia.”

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