Proposal To Reduce Quota Premium In Textile Sector

Textile Commissioner Subodh Kumar has proposed equal allotment of quotas under the past performance entitlement (PPE) system and the ready goods system (RGS) for 2004 in order to prevent ''under-invoicing'' by established exporters and to reduce the quota premium.

The quota suggested under the PPE and RGE systems is 50 per cent for yarn, 45 per cent for fabrics and mill and powerloom made-ups and 50 per cent for handloom made-ups.