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 Cambodian Times 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 Cambodian Times.
More InformationLONDON, England: Despite a legal challenge in London's High Court in early September, the UK government is continuing to pursue ...
NEW DELHI, India: During his national day address this week, Prime Minister NarendraModi said India will seek to become a ...
LONDON, England: The cap on flight departures from London's Heathrow Airport will beextended until October 29, airport officials announced.Heathrow capped ...
BERLIN, Germany: Highlighting Berlin's increasing focus on assisting in the Indo-Pacific region amidst rising tensions with China over Taiwan, Germany ...
PARIS, France: French firefighters have stopped the spread of a "monster" wildfire in the country's southwest, allowing the reopening of ...
As China unleashed live-fire military exercises off the coast of Taiwan, simulating a real "reunification by force" operation in the ...
The Pittsburgh Steelers made a pair of transactions at running back on Thursday, adding Max Borghi to the 85-man roster ...
The Colorado Rockies lost outfielder Charlie Blackmon and starting pitcher Antonio Senzatela to apparent leg injuries within the first two ...
Free agent forward Nazem Kadri agreed to a seven-year, $49 million contract with the Calgary Flames, multiple media outlets reported ...
The Cleveland Browns' odds to win Super Bowl LVII took a hit following Thursday's announcement that quarterback Deshaun Watson will ...
Shortstop Elvis Andrus is signing a contract with the Chicago White Sox, ESPN reported on Thursday. Andrus, who turns 34 ...
Tyson Fury says Anthony Joshua requires a specific strategy against Aleksandr Usyk in their rematchAnthony Joshua must deploy a very ...