Home / Knowledge / News / Apparel/Garments / Special package has increased investments & jobs: AEPC
Special package has increased investments & jobs: AEPC
07
May '18
Special package has increased investments & jobs: AEPC
The ₹6,000 crore special package announced in 2016 by the Indian government for the textiles and apparel sector has not only boosted exports but has also helped in increasing investments, a survey conducted by the Apparel Export Promotion Council (AEPC) has found. The survey conducted to gauge the package’s impact, terms it as a step in the right direction.
 
In the first twelve months of the roll out, the package had generated additional investment of around ₹2,500 crore and additional employment of around 1,00,000, the survey found. 
 
The findings of the survey suggest that Rebate of State Levies (ROSL) had a positive impact on garment industry. After the implementation of the ROSL in September 2016, India’s apparel exports increased by 2.7 per cent in value terms and grown by 6.4 per cent in volume terms, AEPC said in a press release.
 
In the months of announcement and implementation of ROSL, i.e. August, September and October 2016, India’s apparel exports grew 3.9 per cent, 12.9 per cent and 10.97 per cent, respectively. Similarly, in the months of disbursal of ROSL, i.e. March and April 2017, apparel exports increased 20.3 per cent and 31.7 per cent, respectively.
 
“ROSL has been a well-thought-out scheme, which had a positive impact on garment industry. There is a direct correlation between the release of ROSL to exporters vis-a-vis increase of India’s RMG exports. Though demonetisation and GST rollout has temporarily slowed down the industry, the positive impact of ROSL is expected to bring results in 2018-19, as the industry settles down post GST rollout,” said AEPC chairman HKL Magu.
 
“AEPC would like to thank the ministry of textiles for looking into embedded/blocked Central and state taxes after the implementation of GST, while considering the new drawback and ROSL rates,” he added.
 
Based on the survey findings, AEPC has informed the concerned ministries about the positive impact of ROSL on apparel exports and has requested the policymakers for increasing the ROSL rates. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Bangladesh apparel exports jump 20% in July–Oct 2018

Apparel/Garments | On 19th Nov 2018

Bangladesh apparel exports jump 20% in July–Oct 2018

Readymade garment exports from Bangladesh increased by 20.08 per cent ...

95% Britishers want shopping centres for all: Hammerson

Apparel/Garments | On 19th Nov 2018

95% Britishers want shopping centres for all: Hammerson

As many as 95 per cent of British people feel that shopping centres...

Courtesy: Hyosung

Textiles | On 19th Nov 2018

Hyosung leading global market with creora

Hyosung is leading the global market with ‘creora’, the brand name of ...

Interviews View All

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

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

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search