Related Keywords: Commerce Ministry, foreign trade policy, imported from China costlier, incentive to remain competitive, raw silk, Silk Association of India, Silk fabric exporters, withdrawal of export incentives
Silk fabric exporters are looking for incentives for the industry to remain competitive as raw silk, which is imported from China, was becoming costlier. They are planning to meet commerce ministry officials in New Delhi to discussion about the withdrawal of export incentives under the Foreign Trade Policy 2015-20.
Under the previous Exim policy (2009-14), exporters could get a 5 percent incentive on woven silk fabrics, which was applicable on exports to all countries, members of the Silk Association of India today said .
