Govt announces RoDTEP scheme to boost textile exports

Govt announces RoDTEP scheme to boost textile exports

To boost exports, government has announced a scheme namely “Scheme for Remission of Duties and Taxes on Exported Products” (RoDTEP) to all export goods, including textiles and garments with effect from 1st January, 2021.

To boost exports, government has announced a scheme namely “Scheme for
Remission of Duties and Taxes on Exported Products” (RoDTEP) to all export
goods, including textiles and garments with effect from 1st January, 2021.
Further, in order to boost exports in Man-Made Fibre (MMF) sector, government
has removed anti-dumping duty on PTA, a key raw material for the manufacture of
MMF fibre and yarn. Government has also removed anti-dumping duty on acrylic
fibre, raw material for yarn and knitwear industry. Assistance is also provided
to exporters under Market Access Initiative (MAI) Scheme. Government has
enhanced interest equalisation rate for pre and post shipment credit for
exports done by MSMEs including textiles sector from 3 to 5 per cent w.e.f.
02.11.2018. Benefits of Interest Equalization Scheme have been extended to
merchant exporters from 02.01.2019 which was earlier limited to only
manufacturer exporters.

Union Budget announcements 2021-22 include the launch of Mega Integrated
Textile Region and Apparel (MITRA) Parks scheme. To enable the textile industry
to become globally competitive, attract large investments and boost employment
generation, 7 Textile Parks will be established over 3 years. This will create
world class infrastructure with plug and play facilities to enable and create
global champions in exports.

This information was given in a written reply by the Union Minister of Textiles,
Smriti Zubin Irani in Lok Sabha today.

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