The Government Of India Is Considering Offering More Preferential Measures For Textile Exporting Enterprises.

New Delhi: the India government is considering providing more preferential measures for the textile industry, especially garment and garment manufacturers. They are still trying to restore their foothold in the traditional market, such as the United States and the European Union.

He said that exports in most sectors are beginning to improve.

But there are still several industries that are not performing well, such as garments, garments and tea, and exports are still declining.

In the first three quarters of this fiscal year, the export of garments and garments decreased by 3% to $7 billion 600 million, due to a decrease in exports to the United States and Europe.

In the meantime, total exports grew by 29.5% to $164 billion 700 million.

At the end of 2008, when the export began to decline, the textile industry was supported by India.

CITI asked the government to expand the scope of the market's key product plans, from the expansion of clothing.

According to the plan, exporters are granted duty-free import certificates or interests. For special markets, such as the European Union and non traditional markets, such as Latin America, the tax exemption rate is 2% of the export value.

The Ministry of commerce is examining the expenditure involved before finalizing the incentive plan.

The source of funds is very real, and the Ministry of finance has to produce about 4 billion rupees even if it provides 2% of the reward for clothing exports.

Ajay Sahai, President of the Federation of India export organizations, said it is clear that the textile industry really needs more incentives.