The Central Government has taken several measures to promote export of Indian Textile and has extended the Rebate of State and Central Taxes and Levies scheme till 31st March 2024.
The Government has implemented various schemes such as the Amended Technology Upgradation Scheme(ATUF), National Handloom Development Programme(NHDP), National Handicraft Development Programme, Comprehensive Powerloom Cluster Development Scheme, Silk Samagra, SAMARTH- Scheme for Capacity Building in Textiles Sector, Technical Textiles etc. for overall development and promotion of domestic manufacturing and exports in the textile sector in the country.
Further, in order to ensure adequate availability of raw material at competitive price in the country, Government has removed anti-dumping duty on Purified Terephthalic Acid (PTA) (a key raw material for the manufacture of MMF fibre and yarn) originating in or exported from the People’s Republic of China, Iran, Indonesia, Malaysia, Taiwan, Korea R P and Thailand to India and also removed anti-dumping duty on acrylic fibre (raw material for acrylic yarn and knitwear industry) originated in or exported from Thailand to India.
