Home / Knowledge / News / Textiles / DFTPS to cover 94% of India's total tariff lines
DFTPS to cover 94% of India's total tariff lines
01
May '08
On the occasion of the First Indo – Africa Forum Summit in New Delhi on 8th April 2008,- Prime Minister announced a Duty Free Tariff Preference Scheme for Least Developed Countries (LDCs).

India will unilaterally provide preferential market access to exports from all the 50 least developed countries, 34 of which are in Africa. The scheme will cover 94% of India's total tariff lines.

Specifically, it will provide preferential market access on tariff lines that comprise 95.5% of global exports of all Least Developed Countries.

Presently under the Global system of Trade Preference, India offers import duty concessions on cotton yarn and Abaca Fibre (30% and 10% concession on normal duty respectively) to 51 LDC's/developing countries.

The relief derived by the textile industry on account of the above will be known after the measures are formalised.

(i) The value of import of Raw Cotton from African countries was US$.87.96 million in 2004-05 and US$ 11.22 million in 2005-06.

(ii) The value of import of Ready-made Garments was US$ 0.36 million in 2004-05 and US$ 0.24 million in 2005-06.

(iii) The value of Indian textiles exports to African countries was US$ 623.71 million in 2004-05 and US$ 583.15 million 2005-06.

This information was given by the Minister of State for Textiles, Shri E.V.K.S Elangovan in a written reply in the Rajya Sahba.

Press Information Bureau Government of India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Sunil Rathore
Lacoste India

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

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Eamonn Tighe
Nature Works LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


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