Ministry of Textiles

Export of Readymade Garments

Posted On: 30 MAR 2017 4:09PM by PIB Delhi

 

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

 

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

 



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