Textiles minister Dayanidhi Maran on August 22 said the forthcoming Foreign Trade Policy is expected to simplify the refund process for duties paid on inputs of exports.
The FTP, which spells out the country`s export and import policies, will be unveiled on August 27.
Meanwhile, the textiles ministry has asked the Cotton Corporation of India to set up sales depots in Coimbatore and Madurai so that the yarn cost could be brought down by Rs 2 per kg.
Source : myiris.com