
Apparel Export Promotion Council thanks govt for declaring Noida as Town for Export excellence
Apparel Export Promotion Council (AEPC) Chairman Dr A Sakthivel thanked the
government for declaring Noida as a Town of Export Excellence for apparel
products saying it would help set up expensive facilities for common use by
exporters in the region.
“I would like to thank Commerce Minister
Piyush Goyal, Commerce Secretary Mr Anup Wadhawan and Director General
of Foreign Trade Mr Amit Yadav for accepting AEPCs request of declaring Noida
as a Town of Export Excellence for apparel products,” Dr Sakthivel said
following a public notice on the same by Directorate General of Foreign Trade.
Recognition entitles
the Common Service Providers in the area to avail the Export Promotion Capital
Goods (EPCG) scheme
“The recognition entitles the Common Service Providers in the area to avail
the Export Promotion Capital Goods (EPCG) scheme, which in turn would enable
them to provide advanced technologies and services to the 700 existing apparel
industries in Noida,” he said.
Common Service Providers are critical to the apparel industry as they help
in reducing the cost of technology by providing common services like
specialized knitting, dyeing and embroidery, which require high end machines.
But due to their limited use, these machines are not procured by MSMEs.
“We have also requested for including apparel clusters like Faridabad,
Delhi and Erode in the list of Towns of Export Excellence. Faridabad and Delhi
have turnovers of Rs 5,880 crore and Rs 5,894 crore respectively, way more than
the requirement of Rs 750 crore turnover from a town to get the tag,” Dr
Sakthivel said.