New Delhi, Feb. 17 -- Apparel Export Promotion Council (AEPC) has called for a dedicated export policy for the MSME sector.

In a meeting with Reserve Bank of India (RBI) Governor Sanjay Malhotra in Mumbai on February 16, AEPC Chairman A. Sakthivel proposed the introduction of a Special Interest Package Scheme for MSMEs.

He stated that lending rates are currently determined by individual banks based on internal policies and balance sheet positions, resulting in uneven and often higher borrowing costs for small exporters.

Concerns Over Export Finance and Lending Practices

Sakthivel indicated that as India has signed free trade agreements with 37 countries, creating fresh opportunities for the apparel and textiles sector over the coming ...