The RMG export figures were revealed by Ajay Tamta, minister of state for textiles, while replying to a Lok Sabha question.
Tamta also said that the government has announced a special package of reforms for apparel sector in June, 2016 targeting employment generation and exports. The special package includes Employee Provident Fund Scheme reforms (12 per cent employer's share of Provident Fund is paid by the government), introduction of fixed term employment, additional incentives under ATUFS and enhanced duty drawback coverage through ROSL.
In addition to the special package for apparel, there are some other initiatives and schemes of the government that are also contributing to exports promotion, added Tamta. These initiatives include 3 per cent Interest Equalization scheme for manufacturer exporters of readymade garments, Integrated Skill Development Scheme, Amended Technology Up-gradation Fund Scheme, 2 per cent MEIS scheme and All India Duty Drawback. (KD)
Fibre2Fashion News Desk – India
| On 26th Jun 2022
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