WWEPCWool and Woolens Export Promotion Council (India)
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As EU and the US are key wool exports markets, Wool and Woollens Export Promotion Council (WWEPC) feels it would be difficult for wool exporters to meet wool export target of US$ 750 million set for the current fiscal, unless the Central government initiates steps like raising the duty drawback rates by minimum 5%.
The Wool and Woollens Export Promotion Council (WWEPC) has asked the Textiles Ministry to restore the old rates of duty drawback on wool products to reduce exporters' losses due to forex rate fluctuation.
With exporters unlikely to achieve the US$ 630 million target for wool exports in 2010-11, said WWEPC Chairman Ashok Jaidka and demanded from Ministry of Textiles to revert to ear- lier rates of duty drawback, which can give some cushion to wool exporters to contain their losses.