Dhir, Khajuria take over as Chairman, Vice Chairman of WWEPG

JAMMU: Sanjeev Dhir and Romesh Lal Khajuria have taken over as the Chairman and Vice Chairman of Wool & Woolens Export Promotion Council (WWEPC).
This was stated in a press release issued by the WWEPC which states that both took charge for two year term 2020-2022 on 30th March 2020.
While taking over charge of the respective posts, Dhir and Khajuria thanked all members of the Council for their support and imposing faith in them. They assured that they will work hard with support of members of Committee of Administration for the development of woolen and hosiery industry to achieve new targets of export even in tough present critical situations.
Khajuria emphasized that Jammu & Kashmir is the main clusters for manufacturing of premium pashmina shawls, stoles, scarves, mufflers and may more which have huge potential worldwide. We need to organize awareness programmes in the region to make WWEPC popular and SMEs here can use Council’s services.
Due to COVID-19 and to maintain social distancing they took charge through video conferencing.
Anticipating the adverse impact of coronavirus on export realizations and working capital for the textile and apparel sector, the Council have sought relief measures from the government to mitigate the crisis faced by the highly capital- and labour-intensive segments.
The Council listed points as part of the immediate relief measures, including faster clearance of banking and packing credit, extension of packing credit period, extension of bill realization period by RBI from nine months to one year, and wage subsidy.
Other requests include RBI exempting exporters from caution listing for at least a year, enhancing existing limits for advances of exporters by 25 per cent, asking commercial banks to enhance collateral-free lending up to Rs. 2 crore and capping of collateral requirement at 35-40 per cent for lending beyond Rs. 2 crore, and extending the enhanced 5 per cent Interest Equalization Scheme for MSMEs to all apparel exporters.
They have also demanded that Interest Equalization Scheme be extended for a period of 2 years up to 31st March 2022.
Wool & Woolens Export Promotion Council is an autonomous organisation of Govt. of India under the Ministry of Textiles formed in 1964 with the mandate to promote export of all types of wool and Woolens/Acrylic products of India to across the globe.