Extension of RoSCTL, other initiatives to help boost apparel exports: Textile Secy

The expansion of the National and Central Tax and Levy Rebate Program (RoSCTL) and other initiatives such as the textile investment mega parks will help the apparel sector boost domestic manufacturing and exports, the said. textile secretary Upendra Prasad Singh. On Wednesday, the Union cabinet chaired by Prime Minister Narendra Modi gave its agreement for the continuation of the RoSCTL program until March 31, 2024.

Singh said the clothing sector is important for the economy as it provides livelihoods for a large segment of the population and has a major contribution to exports and GDP.

His comments came on Wednesday during an interaction with members of the Apparel Export Promotion Council (AEPC) executive committee.

Singh also assured the members to solve the problems faced by garment exporters by increasing their share in the global garment trade.

“The RoSCTL program, along with the proposed Production Incentive Program and Mega Investment Textile Parks (MITRA), would help garment manufacturers see their exports take a quantum leap,” PEAC said, citing the Secretary.

Singh also published a compendium on MMF (Man Made Fiber) clothing during the meeting.

PEAC President A Sakthivel said the Council has taken a number of initiatives to promote MMF apparel and educate exporters about the availability of export opportunities in the sector.

“Currently, MMF clothing contributes approximately USD 165 billion to total RMG (ready-made clothing) exports of USD 470 billion globally. vs MMF is 30:70. This gives a huge opportunity for Indian clothing manufacturers to diversify into MMF clothing, ”said Sakthivel.