ENA Sectors 2023-02-02 08:12:25 <p><span style="font-size:14px"><strong>New Delhi, Feb 2 (KNN)</strong> Welcoming the governments efforts to enhance the productivity of extra-long staple (ELS) cotton, Apparel Export Promotion Council (AEPC) has said the decision to adopt cluster-based and value chain approach through Public Private Partnerships (PPP) will facilitate collaboration between farmers, state and industry for input supplies, extension services, and market linkages.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Commenting on the union budget Naren Goenka, Chairman, AEPC said, In the long run it will be helping garment industry provide raw material security.</span></p> <p><span style="font-size:14px">Terming it as a foreword looking, growth-oriented budget, Goenka said the focus on infrastructure, investment, green growth, youth power and inclusive development will boost Indias journey to be the fastest growing- robust economy.</span></p> <p><span style="font-size:14px">The announcement to cover more sectors under the PLI scheme and support to the MSME sector will help thrust exports and investment in the country, Chairman AEPC added.</span></p> <p><span style="font-size:14px">Rs 9,000 crore corpus for a revamped credit guarantee scheme will surely alleviate the stress of small and medium enterprises in India, he said.</span></p> <p><span style="font-size:14px">Lauding the government, Goenka said as desired by the exporters, the increased allocation for the Interest Equalization Scheme from Rs 2376 crore in 2022-23 to Rs 2932 crore in 2023-24, which is up by 23 per cent, will help support exports.</span></p> <p><span style="font-size:14px">Further the Chairman stated, The increased allocation of ATUFS from Rs 650 crore in 2022-23 to Rs 900 crore in 2023-24 which is an increase of 38 per cent will help in release of payment of pending cases faster. <em><strong>(KNN Bureau)</strong></em></span></p> 32153 https://knnindia.co.in/news/newsdetails/sectors/aepc-welcomes-govt-initiative-to-improve-productivity-of-els-cotton-through-ppp 2023-02-02 08:12:25 knnindia.co.in