The powerloom sector contributes nearly 58.4 percent to total cloth production in the country. More than 60 percent of fabric meant for export is also sourced from powerloom sector, said an official release. The readymade garments and home textile sectors are heavily dependent on the powerloom sector to meet their fabric requirement.
The Government has taken following major initiatives/ measures in textile sector to boost exports on pan-India basis and to make textile sector globally competitive: PM Mega Integrated Textiles Region and Apparel Parks (PM MITRA): The Government has approved setting up of Seven PM MITRA Parks in Greenfield/Brownfield sites with an outlay of Rs. 4,445 cr for a period of seven years upto 2027-28. The Scheme would lead to creation of a modern, integrated large scale, world class industrial infrastructure including plug and play facilities. These parks will enable the textile industry to become globally competitive, attract large investment and boost employment generation.
The scheme of Rebate of State and central Taxes and Levies (RoSCTL) effective from March 2019 has been continued till 31st March 2024 for Exports of Apparel / Garments and made-ups in order to make the textile sector competitive in international market.
The Government has approved the Production Linked Incentive (PLI) Scheme for Textiles, with an approved outlay of Rs 10,683 cr, to promote production of Man-Made Fiber (MMF) Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable Textile sector to achieve size and scale and to become competitive.
To boost exports in Man Made Fibre(MMF) sector, Government has removed anti-dumping duty on PTA (Purified Terephthalic Acid), Viscose Staple Fibre and Acrylic.
Government under Market Access Initiative (MAI) scheme provides financial support to various Export Promotion Councils (EPCs) and Trade Bodies engaged in promotion of textiles and garments exports, for organizing and participating in trade fairs, exhibitions, buyer-seller meets etc. in foreign markets.
