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Textile exports registers positive trend in last three years in India

YarnsandFibers News Bureau 2017-08-04 17:00:00 – New Delhi

Indian textile export has registered a positive growth, with a 3.2 percent growth rate in the last three years, this was informed by Minister of State, Textiles, Ajay Tamta at the Lok Sabha and said that the sector is following a positive trend.

The various schemes and policies introduced by the government like the special package for apparel and made-up segments of Indian textile industry, enhanced duty Drawback Coverage and rebate of State Levies (ROSL) on export of garments and made-ups, additional incentives under Amended Technology Upgradati on Fund Scheme (ATUFS) have helped the textile sector achieve the growth trend.

Also policies including scheme for production and employment linked support for garmenting units, employee provident fund scheme reform, Pradhan Mantri Paridhan Rojgar Protsahan Yojana (PMPRPY), reforms in labour laws and enhanced incentives have boosted the textile industry, Tamta added

Further, the Minister stated that in 2014-15, the total value of textile exports stood at 2, 47,546 crore rupees. This increased to 2, 50,712 crores in the following year. Further the sector exported textile worth 2, 63,494 crore rupees in the previous fiscal.

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