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Indian government unveils new interventions to boost MSME exports

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Indian government unveils new interventions to boost MSME exports



Indian Commerce and Industry Minister Piyush Goyal has launched seven new interventions under the Export Promotion Mission (EPM) to strengthen micro, small and medium enterprises’ (MSMEs) participation in global trade, taking the total operational measures under the mission to 10 out of 11 proposed.

The new measures aim to address structural constraints faced by MSME exporters, including high cost of capital, limited access to trade finance, compliance burdens, logistics disadvantages and barriers to new market entry. Goyal said India recorded double-digit merchandise export growth in the first half of February, underscoring strong industry momentum.

Union Minister Piyush Goyal has launched seven new interventions under the Export Promotion Mission to boost MSME exports, taking 10 of 11 schemes operational.
The measures offer interest subvention, credit guarantees, logistics and compliance support, and overseas warehousing assistance.
Industry bodies welcomed the initiative aimed at lowering costs and expanding global market access for exporters.

The interventions are divided under two pillars: Niryat Protsahan, focused on financial enablers, and Niryat Disha, which strengthens the export ecosystem, the Ministry of Commerce and Industry said in a press release.

Under Niryat Protsahan, the government introduced support for export factoring with 2.75 per cent interest subvention and assistance capped at ₹50 lakh per MSME annually. Structured credit facilities for e-commerce exporters include a Direct E-Commerce Credit Facility of up to ₹50 lakh with 90 per cent guarantee cover, and an Overseas Inventory Credit Facility of up to ₹5 crore with 75 per cent guarantee coverage, along with interest subvention capped at ₹15 lakh per applicant annually. A third measure supports exporters entering new or high-risk markets through shared-risk and credit instruments.

Under Niryat Disha, Trade Regulations, Accreditation and Compliance Enablement (TRACE) will reimburse 60 to 75 per cent of eligible testing, inspection and certification costs, up to ₹25 lakh annually per Importer Exporter Code (IEC), to ease compliance. Facilitating Logistics, Overseas Warehousing and Fulfilment (FLOW) will provide up to 30 per cent of approved project costs for overseas warehousing and fulfilment infrastructure for up to three years. Logistics Interventions for Freight and Transport (LIFT) will reimburse up to 30 per cent of freight costs, capped at ₹20 lakh per IEC per year, for exporters in low export-intensity districts. Integrated Support for Trade Intelligence and Facilitation (INSIGHT) will offer up to 50 per cent project support for trade intelligence systems and district-level facilitation, with up to 100 per cent support for government-backed proposals.

Three other schemes for market access support, interest subvention for pre- and post-shipment credit, and collateral support are already operational. The mission is implemented by the Department of Commerce in co-ordination with key ministries, financial institutions and export bodies.

Industry associations and export promotion councils welcomed the move, expressing support for effective implementation to strengthen India’s position as a competitive global export hub.

Fibre2Fashion News Desk (CG)



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Gap & Awake NY to launch ’90s-inspired streetwear line

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Gap & Awake NY to launch ’90s-inspired streetwear line



Gap is teaming up with Awake NY, the New York-based brand founded by Queens native Angelo Baque, on a collection for adults and kids launching March 27. Inspired by the Gap archives and rooted in ’90s streetwear culture, the Gap × Awake NY collection is a tribute to the energy, ethos, and people of New York.

The collaboration reimagines everyday streetwear staples — sweats, utility wear, tees, denim, and accessories — with a bold, graphic-driven sensibility that is unmistakably New York. Brought to life through Awake NY’s distinct style, the collection and campaign reflect the rich diversity that has defined the city’s cultural landscape, reimagining Gap’s most-loved essentials through Awake NY’s contemporary lens.

Gap is partnering with Awake NY on a cross-generational streetwear collection for adults and kids, set to launch on March 27, 2026.
Inspired by Gap’s archives and 1990s New York City culture, the collection reinterprets classic staples with bold graphics.
It celebrates diversity, family and the city’s creative communities through a campaign featuring local artists and founders.

“Gap has always stood for self-expression and modern American style,” said Mark Breitbard, President and CEO, Gap brand. “Partnering with AWAKE is one of the ways we’re bringing our heritage into today’s cultural conversation. By blending their New York perspective with our iconic roots, we’re celebrating individuality and continuing to show up in unexpected places.”

The Gap × Awake NY campaign, shot by Elissa Salas and HIDJI WORLD, celebrates the cross-generational ties of families of all kinds — from those we’re born into to the ones we create. The campaign features an ensemble of New York creatives, including Angelo Baque and his family, the team behind Frenchette, Potluck Club co-owner Cory NG, artists Planta Industrial, and other local creators who embody the self-expression and storytelling at the heart of the collaboration.

“Growing up in Queens in the ’90s, Gap was part of the everyday uniform — democratic, effortless, and for everyone,” said Angelo Baque, Founder and Creative Director of Awake NY. “This collaboration is about honoring that era of New York — the creativity, the diversity, the families and communities that shaped how we dressed and expressed ourselves. Partnering with Gap, and its global scale and reach, allows us to bring that New York energy to audiences everywhere. Reinterpreting Gap’s icons through the lens of Awake NY brings it full circle.”

The collection brings Awake NY’s signature graphic treatments and statement-making design perspective to nostalgic Gap essentials — spanning logo and heavyweight GapSweats fleece, reimagined denim, and cargo silhouettes. Pops of color, bold polka dots and colorful plaids energize the assortment, alongside an athletic-inspired jersey, a limited-edition ‘47 Brand Gap × Awake NY New York Mets hat, and an exclusive co-branded blanket. Prices range from $18–268.

The Gap × Awake NY collection launches Friday, March 27 at 12 p.m. ET / 9 a.m. PT on gap.com and at select Gap stores, including:

  • The Grove at Farmers Market – Los Angeles
  • Garden State Plaza – Paramus, NJ
  • 2 Folsom Street – San Francisco
  • Times Square – New York
  • Flatiron – New York
  • Limited styles available at Awake NY’s flagship store
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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India’s major ports handle record 915 MT cargo in FY 2025-26

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India’s major ports handle record 915 MT cargo in FY 2025-26



Major Indian ports have handled a record 915.17 million tonnes (MT) of cargo in FY 2025-26, surpassing the annual target of 904 MT and registering a 7.06 per cent year-on-year (YoY) growth. The achievement highlights improved efficiency, infrastructure modernisation, and sustained recovery in the maritime sector, according to the Ministry of Ports, Shipping and Waterways.

Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, said, “The record cargo handling of over 915 million tonnes by our major ports is a testament to the government’s unwavering commitment to strengthening India’s maritime sector. We are building world-class port infrastructure, improving efficiency, and enabling seamless logistics to support India’s growing economy.”

Among the ports, Deendayal Port Authority led with 160.11 MT, followed by Paradip Port Authority at 156.45 MT and Jawaharlal Nehru Port Authority (JNPA) at 102.01 MT. Other major contributors included Visakhapatnam, Mumbai, Chennai, and New Mangalore ports. In terms of growth, Mormugao Port Authority recorded the highest increase at 15.91 per cent, followed by Kolkata Dock System at 14.28 per cent and JNPA at 10.74 per cent, the ministry said in a press release.

India’s major ports handled a record 915.17 MT of cargo in FY 2025-26, exceeding the 904 MT target and growing 7.06 per cent YoY, according to the Ministry of Ports, Shipping and Waterways.
The rise was driven by infrastructure upgrades, digitalisation, and improved logistics, with Deendayal, Paradip and JNPA leading volumes.
Strong gains were seen in Mormugao and Kolkata ports.

The growth has been supported by capacity expansion, enhanced multimodal connectivity, digitalisation initiatives, and increased handling of commodities such as coal, crude oil, containers, fertilisers, and petroleum, oil, and lubricants (POL). Improved turnaround time and ease of doing business have also contributed to higher cargo volumes.

The ministry continues to focus on port-led development, logistics integration, and sustainability under the Maritime Amrit Kaal Vision 2047, aiming to strengthen India’s position in global trade.

Fibre2Fashion News Desk (JP)



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Turkiye’s apparel exports ease 2.8% in Jan-Feb 2026

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Turkiye’s apparel exports ease 2.8% in Jan-Feb 2026




Turkiye’s apparel exports fell 2.88 per cent YoY to $2.599 billion in January-February 2026, pressured by weak EU demand, which accounts for nearly 70 per cent of shipments.
Knitted exports dipped 1.6 per cent, while woven declined 4.6 per cent.
Rising costs and currency volatility continue to erode competitiveness, extending a three-year export decline trend.



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