Shri Sharma also showcased the steps taken by the Government in making exports from this sector competitive in the international market. “To promote exports, several fiscal incentives and interventions have been provided under the Foreign Trade Policy. Kanoor in Kerala, Karur and Madurai in Tamil Nadu and Khekra in UP have been designated as Towns of Export Excellence.

"Moreover, 2 per cent Interest Subvention under the Focus Product Scheme has been extended to the Handloom Sector till March, 2014, to arrest decline in its exports which fell by -11% last year. The Budget has also exempted hand woven carpets from excise duty,” said Shri Sharma.

Ministry of Textiles