“Benefits to industry should be in proportion to its capabilities to generate employment”
The cheers went up when Amitabh Kant clearly seconded the opinion that garment exporters needed immediate steps to get them out of the current deadlock. He agreed that long-term policies to make the industry competitive could follow, but at the immediate phase to create positive signs, it is important to resolve the issues, like blocked taxes and refund of GST, and exchange rate-related concerns to bring back the apparel export and manufacturing sector on a growth path from consistent by declining trends. “There has been a reduction in the benefits to the industry postGST roll out and we are looking at ways through which we could bring it at par with the rates prevalent in the previous regime. For the benefit of the Industry, Central and State levies should be refunded and Government should work with the industry to resolve this issue,” said Kant.
With a strong membership base that exceeds 8,300 members, AEPC is considered one of the most influential councils for export development and promotional activities. Over the last few years, the council has been under fire for not discharging its role in a free and fair manner. Many RTIs have been filed against the Council and change has been initiated with the Council EC membership's voting now conducted through EVS. The industry at large still looks upto the Council for leadership and guidance and it is now for the Council to win back the confidence of those section of exporters who feel that the AEPC is only watching the interest of large exporters while a majority of the members are left to fend for themselves.
There has been a reduction in the benefits to the industry post-GST roll out and we are looking at ways to bring it at par with the rates prevalent in the previous regime.
(L to R) Sudhir Sekhri, Amitabh Kant, H.K.L. Magu and V. Anil Kumar Vasu Pillai on the dais at the Foundation Day celebration