The government’s apparel and garment export incentive program is extended through March 2026
The Indian government has extended its export incentive scheme for apparel, garments, and made-ups until March 2026. This decision aims to provide a stable and predictable policy environment for the textile sector, fostering long-term trade planning.
The scheme, known as the Rebate of State and Central Taxes and Levies (RoSCTL), is designed to compensate exporters for the burden of state and central taxes and levies, effectively neutralizing their impact on export competitiveness.
The extension of the RoSCTL scheme is expected to boost exports from the apparel and garment sector, which is a significant contributor to India’s economy. By providing a level playing field for Indian exporters in the global market, the scheme aims to enhance their competitiveness and facilitate increased market share.
This move is seen as a significant step towards supporting the growth and development of the textile sector, which is crucial for employment generation and economic growth in India. The continued support from the government is expected to incentivize investment in the sector, promote innovation, and enhance India’s position as a global leader in textile and apparel manufacturing.
