Home / Knowledge / News / Textiles / Global share of Indian textiles & clothing exports rises
Global share of Indian textiles & clothing exports rises
04
Mar '13
As per the latest available data released by WTO Secretariat for the calendar year 2009, 2010 and 2011 the share of Indian textiles and clothing exports in World’s exports were 3.98% , 3.98% and 4.11% respectively and has not been declining.

Several provisions are included in the Foreign Trade Policy 2009-14, for providing incentives to the Textiles & Clothing sector exports which includes incentives for exports to focus markets and focus products, interest subvention on pre-shipment credit, duty-free import of trimmings etc. required by the garmenting industry and duty-free import of tools by the handicrafts industry.

The measures taken by the Government to assist Indian apparel export companies to increase their export are (I) 2% interest subvention scheme on readymade garment sector extended up to March’2014. (ii) Additional incentives for incremental exports to the US, European Union and Asian countries.(iii) Additional duty credit of 2% of FOB value given on export of certain knitwear apparels for the year 2013-14.(iv) Inclusion of new Markets such has New Zealand, Cayman Islands, Latvia, Lithuania and Bulgaria under Focus Market Scheme. (v) 2% market Linked Focus Product Scheme for USA and EU extended up to 31st March, 2013. (vi) Use of Focus Market Scheme, Focus Product Scheme, status holder incentive scrip and MLFPS for payment of excise duty for domestic procurement. (vii) Extension of Zero duty EPCG scheme up to 31st March, 2013.

The Plan of action prepared by Government to boost the apparel exports from India are (a) Continuation of MAI (Market Access Initiatives) and MDA (Market Development Assistance) to apparel export for market diversification and to increase their share in world trade (b) Skill development programme under ISDS to make available skill workforce to apparel export sector and (c) Assistance under Technological Up gradation Fund Scheme (TUFS).

Ministry of Textiles

Must ReadView All

Apparel/Garments | On 30th Jun 2016

Retailers hail Model Shop announcement, pay hikes

Retailers have welcomed the government’s decision to allow shops,...

Yin Group chairman Yin Zhiyong

Textiles | On 30th Jun 2016

Changyuan acquires textile machinery maker Yin Science

Changyuan Group (also CYG Group) has announced acquisition of textile ...

Texprocil chairman RK Dalmia

Textiles | On 30th Jun 2016

Extend spl package to home textiles: Texprocil to govt

Welcoming the special package for the garment sector recently...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

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

Pranav Mishra
Huemn

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search