Home / Knowledge / News / Apparel/Garments / Indian govt extends MEIS rate at 4% beyond June 30
Indian govt extends MEIS rate at 4% beyond June 30
May '18
Courtesy: Pixabay
Courtesy: Pixabay
The Directorate General of Foreign Trade (DGFT), under the ministry of commerce and industry, Government of India, has extended the incentive at 4 per cent under the Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20), beyond June 30, 2018. AEPC and the Tiruppur Exporters Association (TEA) have welcomed the announcement.
The MEIS incentive under Foreign Trade Policy of India (FTP 2015-20) was valid from November 1, 2017 to June 30, 2018, as per earlier Public Notices issued by the DGFT.
Welcoming the extension of MEIS on garments and madeups beyond June 2018, Apparel Export Promotion Council (AEPC) Chairman HKL Magu said, “On behalf of the apparel export industry, AEPC gratefully acknowledges the support given by the Government by extending the MEIS scheme indefinitely beyond June, 2018."
“At present, the industry is going through a tough period with its competitiveness greatly eroded. This is reflected in the unprecedented month-on-month decline in the apparel exports every month after October 2017. The extension in MEIS scheme has given us a breather and sanction of our request to ensure that all embedded, non-reimbursed Central and state levies be refunded which will help in restoring the competitiveness of Indian exports. This will enable us to increase India’s share in the world market and given our high employment intensity, create significant employment opportunities across India,” Magu added.
“We have been requesting the Central Government to extend the validity period as the exporting units are struggling to sustain after reduction of duty drawback rate and ROSL after implementation of GST and also delay in getting GST refund. It was also emphasised personally for continuance of this lifeline support during the meeting with ministers, textiles secretary and other higher officials,” said TEA president Raja M Shanmugham.
The continuance of MEIS rate at 4 per cent beyond June 30, 2018 is “a major relief to the exporting units who used to take up orders six months back normally,” he added.
He hoped that the government would soon resolve other export related issues.
In fiscal year 2017-18 that ended on March 31, the value of apparel exports from Tiruppur was ₹24,000 crore, compared to previous year’s exports of ₹26,000 crore.
The knitwear hub of Tiruppur accounts for 46 per cent of all knit garments exported from the country. Exports have fallen in the previous fiscal after registering growth for five years. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Myanmar's garment units risk closure due to virus impact

Myanmar's garment factories are facing the risk of shutdown as the...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

GMAC urges EU to restore full EBA rights for Cambodia

Expressing disappointment over the recent European Union (EU)...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Uzbekistan 3rd biggest garment exporter to Kazakhstan

Uzbekistan exported 10,000 tonnes of apparel to Kazakhstan in 2019,...

Interviews View All

Headhonchos, Indian fashion industry

Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Victor Chao, Esmetex

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...



Italtex is a leading studio publishing fabric trend-books since 1959....

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

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

Advanced Search