Textile Industry Thanks Minister Piyush for the Bounties of RoSCTL and RoDTEP

In a full page Ad in today’s papers, all the textile associations came togeyher to thank the Minister for the 10,000 Crs export subsidy. They also thanked him for lifting the Anti-dumping duties on the inputs going into their export products. The gist of the Thanks giving Ad is:

Ø Removal of Anti-dumping Duty on Viscose Staple Fibre (VSF) from China and Indonesia on 12 August 2021 vide Notification No. 44/2021-Customs (ADD) dated 12 August 2021.

Ø RoDTEP benefits for yarn, fabrics and other products – Guidelines and Rates notified on 17.08.2021.

Ø RoSCTL for Garments and Made-ups Extended, to Continue for Three More Years to 31 March 2024 at Existing Rates - Ministry of Textiles Notified on13 August, 2021.

Vision set by the Government of India

Increase textile business size to USD 350 bn including USD 150 bn exports by 2025

Policy Initiatives for the country’s second largest employment provider

Raw material structural issues – Path breaking policy interventions

· Removal of anti-dumping duty (ADD) on Viscose Staple Fibre (VSF)

· Abolishing ADD on PTA, rejecting the proposed ADD on PDF and BSF spun yarn

· Launching Indian cotton brand “Kasturi Cotton” with international fibre quality parameters.

Encouraging scale of operations in MMF value chain – The engine of growth

· Allocating Rs. 10,683 crores under Production Linked Incentive Scheme

· Announcement of setting up of seven mega textile parks in three years under MITRA scheme

Export competitiveness

· Extending RoSCTL scheme upto 31^st March 2024 for Garments and Made-ups sectors.

· Announcing WTO compatible RoDTEP rates for yarn, fabric and other products

Technical Textiles

· Announcing National Technical Textile Mission with an outlay of Rs. 1,480 crores to make India a global leader in technical textile segment.

Names of the Association:

· Apparel Export Promotion Council

· Confederation of Indian Textile Industry (CITI)

· The Clothing Manufacturers Association of India (CMAI)

· Indian Spinners Association (ISA)

· Northern India Textile Mills Association (NITMA)

· Powerloom Development & Export Promotion Council (PDEXCIL)

· Rajasthan Textile Mills Association (RTMA)

· The Southern India Mills’ Association (SIMA)