Originally the RoSCTL Scheme was valid till March 31, 2020, it was extended intermittently through budgetary allocations and is currently valid till March, 31, 2024. Indian…
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In the recent years, India has emerged as one of the major players in the global home textiles market. Factors like traditional craftsmanship, local availability of raw materials, investments by companies in high-tech textile machinery, etc have helped India to become a preferred sourcing destination for home textiles.
In the post-GST implementation period, the exports of garment and made-ups have been struggling due to inadequate export benefits and tariff barriers in the global market.
Apparel exports have declined by 14 per cent in rupee and 8 per cent in dollar terms in January this year compared with the year-earlier month, latest data showed. Exporters cutting back on orders because of funds crunch and the delay in refund of levies hurting industry, say sources.