Source: Business Standard, Dec 12, 2018
Mumbai: The government’s decision to raise the duty drawback rates will boost textile and apparel exports, experts said.
Despite several incentives offered by the government to boost textile and apparel exports, their shipment from India stagnated between $32 billion and $37 billion for over seven years.
For the financial year 2017-18, India witnessed textile and apparel exports to the tune of $36.05 billion as against the target of $45 billion. Now, the government has set yet another challenging target of $82 billion by 2021.