|

Working on Duty Concessions for Textiles via FTAs: Goyal

New Delhi: The government is making efforts towards gaining access to new markets and getting concessional duties on textile products through free-trade agreements, said commerce and industry minister Piyush Goyal.

Interacting with textiles associations on Tuesday, Goyal, who is also the minister for textiles, said that in all the ongoing negotiations with major countries such as the UK, the UAE, Canada and Australia, and the European Union, there is a special focus on getting concessional duties for textile products.

Referring to the production-linked incentives (IPL) scheme for textiles, he said PLI will increase the global footprint of India in manmade fibre and technical textiles.

Goyal said the Rs. 10,683-crore PLI scheme will create 750,000 direct jobs.

He said the approval for seven PM Mega Integrated Textile Region & Apparel (PMMITRA) parks will attract cutting-edge technology and investment, and generate about 100,000 direct and 200,000 indirect jobs per park.

India’s textile exports increased 45% to $16.7 billion in April-November 2021 compared to the corresponding period of 2019, said Goyal.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *