‘Special Package for textiles boosts exports and increases investments’; says AEPC survey
The Rs 6,000 crore special package announced in 2016 for textiles and apparel sector was a step in the right direction ,as per the findings of an AEPC survey conducted to gauge the impact of the The Special Package. The Special Package for textiles has not only boosted exports but has also helped in increasing the investments.
There is direct correlation between release of ROSL to exporters vis-a-vis increase of India’s RMG exports like in month of announcement & implementation of ROSL in August – 2016 – +3.9 & September & October, 2016 – +12.9 per cent & +10.97 per cent and also showed a growth in the months of disbursal of ROSL – March – 2017 – +20.3 per cent, April – +31.7 per cent.
Commenting on the findings of the AEPC survey, Mr. HKL Magu, Chairman, Apparel Export Promotion Council (AEPC) said,” RoSL has been a well thought out scheme, which had a positive impact on garment industry. There is direct correlation between release of ROSL to exporters vis-a-vis increase of India’s RMG exports. Though Demonetization and GST roll out has temporarily slowed down the industry, the positive impact of RoSL is expected to bring results in 2018-19, as the industry settles down, post GST roll out. ”