Textile industry faces crunch as rebate scheme backlog hits Rs 16 billion

Industry body writes to the govt for immediate action to clear the dues, failing which hundreds of units would close down and lead to thousands of job losses in the country

The textile industry has alleged that around Rs 16 billion worth of payments to readymade garments alone, under the Remission of State Levies (ROSL) scheme, has not been cleared by the government. And, this delay is affecting their working capital and overall business.

The industry body representing textile units has sent a letter to the government requesting an immediate action to clear the dues, failing which hundreds of units would close down and lead to thousands of job losses in the country.

According to the industry, the government had allocated Rs 4 billion in 2016-17. The original allocation under ROSL of Rs