Home / Knowledge / News / Apparel/Garments / Duty Credit Scrip restoration to help apparel exporters – CITI
Duty Credit Scrip restoration to help apparel exporters – CITI
Apr '10
Confederation of Indian Textile Industry (CITI) has welcomed the decision of the government to restore the Duty Credit Scrip benefit of 2% under the Market Linked Focus Product Scheme on export of Apparel to the US and EU.

In a statement Shri Shishir Jaipuria, Chairman, CITI, said that this move would help Indian garment exporters in their efforts to recapture the import shares they have lost in these markets because of the global economic slowdown.

CITI Chairman said that exports of Indian apparel exporters, especially the SME units to the US and EU markets suffered during the recession period on account of stiff competition from Vietnam and Bangladesh and to some extent China. Shri Shishir Jaipuria added that our garment industry had serious pressure from the decline in imports by Western countries, since a whopping 60 percent of our garment exports go to these markets. The restoration of the incentive will help the industry to improve its market shares in the US and EU and will also encourage them, by improving their comfort level, to diversify into the other potential world markets.

He observed that similar incentive needs to be extended also to the home textile industry, which is similarly placed in terms of the level of value addition and has also lost import shares in the Western markets.

Confederation of Indian Textile Industry (CITI)

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search