USA is the top market for Indian apparel exports
12 February 2021: Being the sixth largest exporter of textiles and apparels in the world, India’s share in mercantile exports is 11% for the year 2019-20 as informed by Minister of Textiles, Smt. Smriti Irani. US market is the top market for Indian apparel exports, she added.
Taking a major step to boost exports, Government has recently decided to extend the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export goods with effect from 1st January, 2021.
Meanwhile, MMF segment and technical textiles are included among the 10 key sectors as announced by the Cabinet. The government has approved Production-Linked Incentive (PLI) Scheme with approved financial outlay of Rs.10,683 crore over a five year period. Accordingly this Ministry is formulating a scheme to promote identified MMF Apparel and Technical Textile lines to capture substantial share in global trade including US.
The recent Union Budget announcements 2021-22 include the launch of Mega Integrated Textile Region and Apparel (MITRA) Parks scheme will create world class infrastructure with plug and play facilities to enable and create global champions in exports.