(a) whether the rate of export of textile industry has drastically declined throughout the country;
(b) if so, the reasons therefor;
(c) the details of the rate of export of textile industry during the last five years; and
(d) the various schemes being run by the Government to promote the export of textile industry?
MINISTER OF TEXTILES
(SMT. SMRITI ZUBIN IRANI)
(a): The export of textile and apparel industry has increased by 2.8% from USD 39.3 billion in 2017-18 to USD 40.4 billion in 2018-19.
(b): Does not arise.
(c): The growth rate of export of textile and apparel industry during last five years is 0.2%.
(d): To boost exports and enhance competitiveness, of the textiles sector, Government had announced a Special Package for garments and made-ups sectors. The package offers Rebate of State Levies (RoSL), labour law reforms, additional incentives under Amended Technology Upgradation Fund Scheme (ATUFS) and relaxation of Section 80JJAA of Income Tax Act. The RoSL scheme has since been replaced by the scheme for Rebate of State and Central Taxes and Levies w.e.f 7th March 2019. Assistance is also provided to exporters under Market Access Initiative (MAI) Scheme. Government has enhanced interest equalization rate for pre and post shipment credit for exports done by MSMEs of textile sector from 3% to 5% w.e.f. 02.11.2018. Benefits of Interest Equalization Scheme has been extended to merchant exporters from 02.01.2019 which was earlier limited to only manufacturer exporters.
****