The Government is pursuing a multi-pronged action to increase exports, including introduction of stimulus package consisting of taxes, duties and interest rebates, enhanced incentives under various schemes of the Foreign Trade Policy (2009-14) to various lines of textiles and clothing (T&C) products and mounting of mega shows abroad to enhance exposure to the diverse range and capacities of India’s T&C industry. This information was given by the Minister of State for Textiles, Panabaaka Lakshmi in the Rajya Sabha, in a written reply to a question by T.T.V. Dhinakaran.
The Minister further stated that as per the provisional figures of the Directorate General of Commercial Intelligence & Statistics (DGCI&S), Kolkata, India’s exports of apparels (readymade garments) was Rs.26484 crore during the 1st half of the calendar year 2009 recording an increase of 21% over the exports during the corresponding period of the previous year. However, in dollar term the export of apparels during this period was US$ 5374 million which denoted an increase of 0.02% over the corresponding period of 2008.
Source: PIB
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