Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said the lifting
Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said the lifting export restrictions on N95/FFP2 masks, thereby making all types of masks freely exportable, could fetch around Rs 1,000 crore.
Thanking Commerce Minister Piyush Goyal and Textile Minister Smriti Zubin Irani, he also welcomed the much-awaited notification for an enabling provision in Foreign Trade Policy (FTP) related to the issue of Rebate of State Levies (RoSL). Satthivel said the move will clear pending claims of Rs 464 crore of the apparel exporters.
“The lifting of the export ban on N95 masks opens up the global market finally for all items under Personal Protective Equipment (PPE) which has a total global market of more than $60 billion over the next five years. This will further strengthen the domestic PPE manufacturers to compete at international level,” Sakthivel said.
India is producing more than 5 million N95 and 2/3 ply masks…