GoI allows shawl export to all countries at 3% incentive; Chamber welcomes ‘Eid gift’

GoI allows shawl export to all countries at 3% incentive; Chamber welcomes ‘Eid gift’

SRINAGAR: The government of India has allowed export of shawls to all countries at 3 per cent incentive instead of the existing 2 per cent—a move hailed by the representative body of Kashmir Valley’s business community Kashmir Chamber of Commerce and Industry (KCCI).
KCCI, in a press statement issued here, said its delegation led by president Sheikh Ashiq Ahmad and former president A M Matto had called on the Director General Foreign Trade and other authorities of Ministry of Commerce to plead for increase in the incentive.
“The government of India has acceded to the request, allowing the incentive on export of shawls to all the countries at the rate of 3% instead of 2 %. KCCI thanks the GoI and sees it as an Eid gift for the artisans and shawl exporters of the state,” the body said.
It said it had pleaded for the hike in the incentive on exports to all the countries included in group A, B and C of the Foreign Trade Policy.
The plea, KCCI said, was made when GoI, under Merchandise Export India Scheme (MEIS) for shawls exports, allowed increase in incentive rate only for countries included in group A of the Foreign Trade Policy.
No incentives were allowed on export of shawls to the Middle East countries, which are the largest buyer of shawls from Jammu and Kashmir, it said.
“On announcement of Foreign Trade Policy, KCCI immediately pointed out to ministry of commerce and to Director General for Foreign Trade the non-inclusion of shawls for the incentives on exports to Middle East countries. We also sought help of the state government in having the issue resolved for the sake of growth of shawl industry in the state,” it said.

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