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

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Indian fashion industry

Organic the first choice of any environment-conscious person

Urmil Arya

Sushila International, a well established textile organisation established ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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


Leave your Comments

May 2018

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

news category

Related Categories:

Advanced Search