Apperal & GarmentsNewsSectors

A Status Update on the Promotion of Silk Export

Sharing is caring!

To promote exports of the textile industry including silk, Government announced a Special Package for garments and made-ups sectors. The package offers Rebate of State Levies (RoSL), labor law reforms, additional incentives under Amended Technology Upgradation Fund Scheme (ATUFS) and relaxation of Section 80JJAA of Income Tax Act. The RoSL scheme has been replaced by the new RoSCTL (Rebate of State and Central Taxes and Levies) scheme from 7th March 2019. Assistance is also provided to exporters under the Market Access Initiative (MAI) Scheme. The government has enhanced interest equalization rate for pre and post-shipment credit for exports done by MSMEs of the textile sector from 3% to 5% from 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.

Details of state-wise exports of raw silk during the last three years are as follows:

StatesExport of Silk in Million USD
2016-172017-182018-19
ANDAMAN & NICOBAR 0.07 
ASSAM0.000.010.00
BIHAR0.100.291.17
CHANDIGARH0.000.010.01
DELHI41.9322.0125.55
GOA 0.030.01
GUJARAT4.9613.7625.26
HARYANA13.1713.6517.66
HIMACHAL PRADESH0.000.020.03
JAMMU & KASHMIR2.510.971.19
JHARKHAND0.000.170.00
KARNATAKA6.444.155.20
KERALA0.120.210.09
MADHYA PRADESH0.130.070.01
MAHARASHTRA29.4769.0057.74
MEGHALAYA 0.01 
PONDICHERRY0.020.050.00
PUNJAB4.693.942.78
RAJASTHAN2.312.602.35
TAMIL NADU3.613.461.98
TELANGANA0.000.070.06
TRIPURA0.020.01 
UNSPECIFIED0.660.530.05
UTTAR PRADESH23.5517.6025.33
UTTARANCHAL0.020.080.03
WEST BENGAL7.995.133.77
Total Export of Silk141.7157.9170.27

 

This information was given by the Union Minister of Textiles, Smriti Zubin Irani, in written reply in the Lok Sabha

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: