INDIA: Textiles Ministry Grants Quota Extension
India's textiles ministry has announced that it will extend by three weeks the validity period of the First Come First Serve (FCFS) garment quota to allow exporters to make shipments affected by the terrorist attacks on the US
Garment exporters had earlier asked the government to grant a one month extension to all the quota entitlements following the postponement and cancellation of shipments by buyers in America.
Many exporters had been unable to arrange their shipments within the validity period of the quota certification. "It is decided to extend the validity of FCFS quota expiring on September 24 to October 10," the ministry said in a communication to the Apparel Export Promotion Council.
But officials warned that no further extensions would be granted beyond the new date.
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