2010 India Federation Of Export Organizations Improve The Leather Sector Interest Rate Subsidy
India
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Mr. Sachs Weil, President of the FIEO, wrote to the Minister of Finance and commerce, asking for concern.
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Departments, including
clothing
,
Leatherwear
Jewellery and gem, marine sector.
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Businessmen, they lack 2% interest rate subsidies, and 2% interest rate subsidies have been extended to handicrafts, handcrafts.
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Machinery and small and medium-sized enterprises.
Sax Ville emphasized that many units in these sectors still expect negative growth in fiscal year 2009-10, but only a small number of units have increased, but the increase is very small.
Sax Ville added.
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The Department is still facing the demand compression, and is also facing price wars with competing countries.
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The Department has provided tremendous incentives.
Sax reiterated that the government promised to extend interest rate subsidies to business.
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Shang, according to the investment in equipment, these commercial export units should be allocated to small and medium enterprises, but the India Reserve Bank's current Notice applies only to manufacturing units which invest 100 million rupees in factories and machinery.
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