The Apparel Export Promotion Council (AEPC) has welcomed the extension of Gujarat's textile policy. The policy which was set to expire on September 2017 will now remain in force till September 2018.
AEPC, the apex body for apparel exporters in India has already submitted a set of recommendations. It has asked for the availability of plug and play infrastructure for apparel manufacturing in the form of readymade sheds for apparel factories in select locations either on long-term lease or on a rental basis.
The council has also asked for incentives in the form of infrastructure and project cost assistance for setting up a mega apparel park in the state and exemption of stamp duty for the developer of the park and enterprises on purchase of land.
In its recommendations, the council has asked for an interest subsidy to apparel units that have availed of benefits under TUFS with small and medium units having the option to choose availing of the assistance of capital investment subsidy or assistance for interest subsidy as per the state scheme of assistance to MSMEs. AEPC has made a request for power tariff subsidy to those enterprises which operate at an average 75 per cent capacity in the trailing 12 months.