Manmade and Technical Textiles Export Promotion Council (MATEXIL)

External Payment Arrangements - Rupee Payments

Ref. MR/CIR/2023-24/00130                                                                        15 June 2023


To : Members of the Council


Dear Member,


Sub: External Payment Arrangements - Rupee Payments


The Committee for External Payment Arrangements, Ministry of External Affairs (MEA) will be holding a meeting under the Chairmanship of Secretary, Economic Relations, MEA to review the Rupee Payment Mechanism for international trade settlements. The Ministry has sought inputs from the Council in this regard.

In view of the above, we would request you to please send us your valuable suggestions / feedbacks on the Rupee Payment Mechanism that has been made operational in the case of exports to countries like Russia, Iran, Sri Lanka, etc.  on the Email ID  with CC to positively by 5.00 p.m. tomorrow  (16.06. 2023) so that a consolidated proposal can be sent to the Ministry.

We solicit your support and cooperation in the matter and look forward towards receiving your inputs at the earliest.

Thanking You


A. Ravi Kumar 

Executive Director