The government has removed the benefit of 4 per cent Merchandise Exports from India Scheme on exports of made ups and garments with retrospective effect, that is, from March 7, 2019
Synthetic fabrics and performance garments are going to be the two most promising segments: CII Tamil Nadu State Council Vice Chairman Hari Thiagarajan
"As the matter is still under consideration of the PM Office and we are hopeful that we will get a positive response at the earliest," HEWA Director Anant Srivastava told PTI
In dollar term, however, India's textiles and apparel exports recorded a mere 2 per cent jump to $2.64 billion for November 2018 versus 2.57 billion for the same month last year
Duty drawback rates have been raised by up to 70 per cent across all varieties of textile value chains
Since India has reached that GDP threshold, textile units in the country no longer enjoy the soft duties applicable to the competition in Bangladesh, Pakistan and Vietnam
The textile sector is the largest industrial employment provider in India, employing more than 100 mn people directly and indirectly
In Jan-Nov 2017, Vietnam's apparel exports to the US grew by 7.42% and India's by 2.19%; the other three in the top five saw their numbers declining