The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.
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The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.
According to the report, the home textile exporters are going to show growth at a rate of around 20-25% in 2021-22 with healthy margins.
According to the rating agency, cotton-based textile products emerge as a clear winner with additional incentives of Rs 750-850 crore in the new rates of rebate under RoDTEP.
The tax refund rates under the Remission of Duties and Taxes on Exported Products (RoDTEP) may be notified soon, according to Commerce Secretary BVR Subrahmanyam.
The tax refund rates under the Remission of Duties and Taxes on Exported Products (RoDTEP) may be notified soon, according to Commerce Secretary BVR Subrahmanyam.
After Piyush Goyal took over the reins of the Union Textile Ministry, the Government of India on July 14, 2021, gave its assent for the continuation of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme on exports of apparels and made-ups till the end of March, 2024.