The exports of readymade garments have witnessed a positive growth of 4.5% in INR terms and 1.0% in USD terms during April-January, 2016-17, as compared to the same period of previous financial year. The details are:
|
India's RMG Exports to World
|
|
Month
|
FY 2015-16
|
FY 2016-17
|
Growth of 2016-17 over 2015-16 (%)
|
|
In INR Crore
|
In US$ Million
|
In INR Crore
|
In US$ Million
|
INR
|
US$
|
|
April-January
|
87560.23
|
13476.60
|
91467.85
|
13610.60
|
4.5
|
1.0
|
|
Source: DGCI&S, Kolkata, 2017
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Government has announced a special package of reforms for apparel sector in June, 2016 targeting employment generation and exports. The details of the special package are given below:
· Employee Provident Fund Scheme Reforms (12% Employer’s share of Provident Fund is paid by Govt.)
· Introduction of fixed term employment.
· Additional incentives under ATUFS.
· Enhanced duty drawback coverage through ROSL.
In addition the special package for apparel, the following initiatives/ schemes of the Government are also contributing to exports promotion:
· 3% Interest Equalization Scheme for manufacturer exporters of readymade garments.
· Integrated Skill Development Scheme
· Amended Technology Up-gradation Fund Scheme (ATUFS)
· 2% MEIS scheme.
· All India Duty Drawback.
The above information was given by the Minister of State, Textiles, Shri Ajay Tamta today, in a written reply to a Lok Sabha question.
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GG/DJM