TEXPROCIL welcomes RoSCTL Scheme for garments & madeups sector

16 Aug '21

1 min read

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The Cotton Textiles Export Promotion Council (TEXPROCIL) has welcomed the notification of the Scheme for Rebate of State and Central Taxes and levies (RoSCTL) for the garments and madeups sector. The continuation of the RoSCTL Scheme for four years till 2024, lays down the foundation for reaching the target of $100 billion in the textile and apparel sector.

Terming it as a historic step, Manoj Patodia, chairman of TEXPROCIL, thanked Prime Minister Narendra Modi for recognising the potential of madeups/home textiles sector as an engine of economic development by providing employment, promoting inclusive growth and ensuring the empowerment of women.

The exporters will also be encouraged to enter into long term contracts with their buyers in view of the stable policy which will lead to higher export growth. The vision of the Prime Minister has set the country on the path of achieving the target of $400 billion this year and the textile and clothing sector will make a significant contribution in realising the same, the council said in a press note.

Fibre2Fashion News Desk (KD)

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