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Export credit will benefit apparel exporters

Jul 01, 2021
Export credit will benefit apparel exporters

New Delhi

According to AEPC, the decision to extend the interest equalisation scheme for shipment rupee export credit for the next three months will help the sector.

According to A Sakthivel, Chairman, AEPC, this interest scheme will also benefit Micro, Small & Medium Enterprises popularly known as MSMEs which are struggling due to a lack of working capital. With this scheme, the sector will be able to deal with the impact of the pandemic.

The chairman also added that with the interest subvention scheme, the apparel exporters will be able to reduce their cost of capital in these tough times. It is a good move by the government as these exporters will become more competitive in the international markets.

FIEO also appreciated this move as it will help achieve a higher level of export performance.

Source – Outlook

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