Sriprakash Mundra
11 years 2 months ago
RMG sector is labour intensive, must be given support for exports, specially now to fill in the gap being created by overseas buyers turning away from China due to increased costs. Recent FTP announced has withdrawn the rewards under MEIS for exports to South American countries under Group B, against earlier 4% against special FMS. As this region is very far with prolonged transit times, it is difficult to penetrate there. This new FTP is a complete disaster atleast for South America.
Like
(1)
Dislike
(1)
Reply
Report Spam
