ANI PR Wire
02 Aug 2022, 18 GMT+10
Mumbai (Maharashtra) [India], August 2 (ANI/PNN): Chairman of The Cotton Textiles Export Promotion Council ( TEXPROCIL), Manoj Patodia, extended his thanks to Piyush Goyal, the Union Minister of Commerce & Industry, Textiles, Consumer Affairs and Food & Public Distribution and M. Sentilnathan, Chairman, ECGC Ltd for the announcement of a new scheme to provide enhanced export credit risk insurance cover to the extent of 90 per cent to support small exporters under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment (ECIB- WTPC & PS).
"The enhanced export credit risk insurance cover will enable the small exporters in the textile sector to explore new markets/new buyers and diversify their existing product portfolio competitively", said Patodia.
The new scheme shall be available for the manufacturer- exporters availing fund-based export credit working capital limit of up to Rs 20 crores (i.e., total Packaging Credit and Post Shipment limit per exporter/exporter-group).
"The new scheme will enable small exporters to get export credit from the banks at a lower rate of interest", according to the Chairman, TEXPROCIL.
www.texprocil.org
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
Get a daily dose of Sri Lanka Source news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sri Lanka Source.
More InformationSYDNEY, NSW, 2000 - Stocks in Asia, with the exception of Japan, rallied on Thursday following the release of July ...
LOS ANGELES, California: Since early May, Charlie Hamilton has not irrigated his vineyards with water from the Sacramento River, despite ...
YANGON, Myanmar - Honeys Holdings, a Japanese clothing retailer that manufactures much of its product line in Myanmar, has decided ...
NEW YORK, New York - U.S. stocks rose sharply on Wednesday despite the latest reading that inflation in the United ...
DELHI, India: India's defense ministry has said that the country has offered to sell 18 Tejas light single-engine jet combat ...
WARSAW, Poland: Julie, who preferred not to give her full name, booked a group of trips to Warsaw last year, ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...
OTTAWA, Ontario: Military trainers from Canada will head to the United Kingdom to teach Ukrainians new techniques for fighting the ...
SANYA, China: Following a Covid lockdown, some 80,000 tourists cannot leave the southern Chinese beach resort of Sanya. The restrictions ...
SANTA BARBARA, California - Australian singing sensation and actress Olivia Newtown-John has died at the age of 73."Dame Olivia Newton-John ...
DEATH VALLEY NATIONAL PARK, California: Record rainfall on August 5 caused floods at Death Valley National Park that closed all ...