Friday, 4 August 2017

Textile Exports

As per the data available, the export of textiles and garments has shown a increase of 3.2% during the last three years.  The details are as under:

Year
2014-15
2015-16
2016-17
Compound Annual Growth Rate (CAGR)
Exports
(In INR Cr.)
2,47,546
2,59,712
2,63,494
 3.2%
       Source: Director General of Commerce Intelligence and Statistics

With a view to enhance the investment, production and export of  the textile industry in the country, Government has launched the  Special Package for Apparel and Made-ups segments of Indian textile industry, which includes Enhanced Duty Drawback Coverage / Rebate of State Levies (ROSL) on Export of Garments/Made-ups, Additional incentives under Amended Technology Upgradation Fund Scheme (ATUFS) / Scheme for Production and Employment Linked Support for Garmenting Units,  Employee Provident Fund Scheme Reform / Pradhan Mantri Paridhan Rojgar Protsahan Yojana (PMPRPY), Reforms in Labour Laws and Enhanced incentives under Section 80JJAA of Income Tax Act.

The above information was given by the Minister of State, Textiles, Shri Ajay Tamta today (August 3, 2017), in a written reply to a Lok Sabha question.


Courtesy: pib.nic.in

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