Garment industry hails extension of interest equalizationSudhir Sekhri, Chairman AEPC welcomes the extension of interest equalization scheme for two months. In his statement Chairman AEPC stated that, “The garment industry welcomes the extension of the Interest Equalisation Scheme (IES) on pre- and post-shipment rupee export credit for Micro, Small & Medium Enterprises (MSME) exporters till August”. The continuation of IES will provide much needed relief for the MSMEs sector which has been grappling with high interest rates and stressed exports for labor intensive sectors, he added.