Breaking News:The Indian government adjust tariffs to stimulate leather and clothing export

The news I am about to talk about is that the Indian government adjusts tariffs to stimulate leather and clothing export,which is many Indian clothing and leather exporters and wholesalers more concern.

Parag Dalal

Parag Dalal,an Indian friend，who is CEO at NEXT IMPEX,( his blog ) a garment exporters, after he got the news,he is very happy too.He said they are exporters and sourcing agency based in India for 100% cotton and blended fashion clothing for Men, Women & Kids." Export policy is very favorable to him",he said.

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The Breaking News is as Follows:

The Indian government has begun to take measures to strive for more export tariff benefits for labor-intensive industries including textile,clothing and leather, so as to promote the industry export to markets in the United States and EU countries,maybe include China.

India's foreign trade administration mentioned in a new announcement: " Collect the new rate of 2% ,according to the fob exports,is benefit to export of highly concentrated industry and employment."

Council for the Promotion of Indian clothing export (AEPC) indicates that, the export tariff incentives will be good for India export leather and apparel to the United States and European Union market.

"These incentives aimed at the area where labor employment is the most intensive industry. I believe that the decision will offset long-term puzzle which is caused by weak infrastructure and other manufacturing or marketing costs."Chairman of AEPC said in a statement.He said,in this fiscal year, Indian clothing exports is expected to exceed $15 billion."This news is very timely, whcih will greatly boost exports. High input costs and the slowing growth of global market will bring more pressure."He added.

India Exports Union also said the export incentives will be beneficial to increase our export.

India in this fiscal year (From April last year to January) of total exports was $257 billion, an increase of 5.71%.However, India also need to export about $70 billion in the rest two months of this fiscal year, only in the way it can hit $70 billion.This data was mentioned by India's finance minister p chidambaram in the interim budget speech.He said India exports is expected to grow by 6.3% in this fiscal year, to $326 billion.