AEPC Calls for Government's Support in Boosting Apparel Export Sector

The Apparel Export Promotion Council (AEPC) is urging the Indian government to provide tax incentives and policy reforms to boost the apparel export sector. Key demands include tax deductions, customs duty exemptions on machinery imports, and an interest equalization rate of 5%. The AEPC emphasizes the need for competitive improvements to match countries like Bangladesh and Vietnam.

The Apparel Export Promotion Council (AEPC) on Saturday made a fervent appeal to the government for a slew of tax incentives designed to bolster the Indian garment export sector.

The organization called for the removal of a provision mandating payments to MSMEs within 45 days for tax deduction claims, alongside customs duty exemptions on garment machinery imports.

AEPC Chairman Sudhir Sekhri highlighted the Union Budget as a pivotal opportunity for long-term policy support, emphasizing the sector's need to enhance competitiveness against nations like Bangladesh and Vietnam.

(With inputs from agencies.)