(a) the Government`s policy for small and medium garment exporters in view of the strengthening of rupees vis-a-vis US Dollar and high cotton prices;
(b) the details of grants given to the Apparel Export Promotion Council (AEPC) and particularly to the Apparel International Mart in Gurgaon during the last three years, till date;
(c) the present status of utilization of said grants; and
(d) the impact on the small and medium garment exporters?
MINISTER OF STATE IN THE MINISTRY OF TEXTILES (SMT. PANABAAKA LAKSHMI)
(a) to (d): Government policy intervention are (i) 2% interest subvention on pre and
post-shipment export credit on specified categories & (ii) Cotton security policy for
2010-11 has placed a cap of 55 lakh bales on cotton exports. Grants to AEPC scheme-wise
in the last three years are (i) Foreign Direct Investment (FDI) Scheme - Rs.4.94 crore,
(ii) Reimbursement for Earnest Money Deposit / Bank Guarantee recovery functions - Rs.1.01
crore (iii) Knitwear Technology Mission (KTM) Project - Rs.5.00 crore and (iv) US Law Firm
charges for representing AEPC in US Department of Labour case - Rs.1.00 crore. No grants
have been given to the Apparel Export Promotion Council (AEPC) during the last three years
in respect of Apparel International Mart. All moneys except for the KTM have been utilized.
There has been a positive impact of the above stated policy measures.