Ministry of Commerce news and archive

Commerce Ministry draws norms for import of used clothes

The Commerce Ministry has proposed norms for import of used clothes by SEZ units to ensure that consignments are free of toxic or hazardous substances. In case of mis-declaration by importers regarding the material being free of such substances, action would be taken as per the Foreign Trade (Development & Regulation) Act, 1992, it has said. The...

Apparel

Apparel exporters demand extension of FMS

Apparel exporters in India have requested the government to extend the Focus Market Scheme (FMS) for at least six months for exports to the US and Europe. At a meeting held to discuss India’s Foreign Trade Policy (FTP) for 2012-13, to be announced on June 5, several issues were discussed that can help the country to achieve $35 billion (over Rs...

Apparel

Ready made garments among top Indian exports

Ready made garments (RMG) were among India’s leading export sectors during the last financial year, according to preliminary figures released by the Ministry of Commerce. During the fiscal year that runs from April 2011 to March 2012, shipments of ready-made garments, yarns and fabrics rose 18 per cent to $13.7 billion (Rs 71,692 crores). Cotton...