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Interim Budget 2019: Higher allocations for ROSL to boost textile sector

The textile and apparel industry is also set to gain from an overall farmer- and consumer-centric budget

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Interim Budget 2019

Dilip Kumar Jha  |  Mumbai 

The government's decision to increase allocation for the Remission od State Levies (ROSL) is set to boost textile sector, experts said. The Union Finance Minister Piyush Goyal in the interim Budget 2019 announced an increase in the ROSL scheme from Rs 2,164 crore to Rs 3,664 crore for 2018-19.

The Budget has also allocated Rs 1,000 crore for this scheme for the fiscal year 2019-20. “The increase in the budget allocation for the ROSL scheme is a step in the right direction. We urge the government to include cotton yarn and fabrics also under the ROSL scheme," said ...

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First Published: Fri, February 01 2019. 18:24 IST