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Textile sector majorly contributes to total Indian exports
20
Mar '17
Textile and apparel exports from India contributed majorly to its total exports in the last three years. The share of textile and apparel exports in total Indian exports in 2015 was $40 billion, that is, 15.3 per cent of the total exports of amounting to $262.3 billion. The contribution of the sector in 2014 and 2013 was 13.1 per cent and 12.8 per cent of the total exports, respectively.

"In order to give boost to the textile industry, Government has introduced special packages for apparel and made-ups sector in June 2016 and December 2016, respectively," said Ajay Tamta, minister of state, textiles, in a written reply to a Rajya Sabha question.

"The government is also implementing schemes like Amended Technology Upgradation Fund Scheme (ATUFS), Pradhan Mantri Paridhan Rojgar Protsahan Yojna (PMPRPY), Scheme of Rebate of State Levies (RoSL) on export of garments, Schemes for Technical textiles, Scheme for Integrated Textile Parks (SITP), Integrated Skill Development Scheme etc. to modernize textile industry, increase production and global competitiveness," he added.

He also said that the government has taken a number of initiatives to augment textile exports, which include merchandise export from India Scheme (MEIS) under new Foreign Trade Policy 2015-20, restoring interest rate subvention for pre and post shipment credit for the textile sector, expanding the scope of MEIS since 2015 to 110 new tariff lines and increase rates or country coverage or both for 2,228 existing tariff lines, increased duty drawback rates for some textile articles and more.

The exports of textile items during 2016-17 (Apr-Dec) were $26 billion as compared to $27.2 billion during 2015-16 (Apr-Dec), said the minister as a reply to another question. (KD)

Fibre2Fashion News Desk – India


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