Government awards Noida 'town of export excellence' for apparel
The central government has awarded Noida the title of ‘town of export excellence’ for its apparel products, a move which enables common service providers in the area to avail the Export Promotion Capital Goods scheme.
“The town of Noida in Uttar Pradesh has been notified as a town of export excellence for apparel products,” said the Directorate General of Foreign Trade in a notification, the Press Trust of India reported.
As Noida’s common service providers avail the EPCG scheme, they will in turn be able to provide advanced technologies and services to Noida’s apparel manufacturing and distribution industries. Common service providers enable apparel manufacturers to utilise common services such as specialised, modern knitting and embroidery machines, which reduces their costs as these machines are costly.
The Apparel Export Promotion Council’s chairman A Sakthivel shared that this title and its consequences will ameliorate technology for apparel exporters in the region.
“We have also requested for including apparel clusters like Faridabad, Delhi and Erode in the list of towns of export excellence,” said Sakthivel, the Press Trust of India reported.
“Faridabad and Delhi have turnovers of Rs 5,880 crore ($883.8 million) and Rs 5,894 crore respectively, way more than the requirement of Rs 750 crore turnover for a town to get the tag.”
Noida joins a list of 38 other towns named as towns of export excellence including Madurai for handlooms and Bhilwara for textiles.
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