ENA Sectors 2017-03-31 05:25:41 <p><strong>New Delhi, Mar 31 (KNN)</strong> The readymade garments exports from have shown a growth of 4.5% in rupees terms during April-January, 2016-17, as compared to the same period of previous financial year.</p> <p>According to Minister of State, Textiles, Ajay Tamta, The exports of readymade garments have witnessed a positive growth of 4.5% in INR terms and 1.0% in USD terms during April-January, 2016-17, as compared to the same period of previous financial year.</p> <p>During April-January period in FY 2016-17, the exports worth Rs 91467.85 crore was made from India while during the same period in FY 2015-16, the exports stood at Rs 87560.23 crore.</p> <p>In a written reply in the Parliament, Tamta said, Government has announced a special package of reforms for apparel sector in June, 2016 targeting employment generation and exports.</p> <p>The special packages given to the sector are - Employee Provident Fund Scheme Reforms (12% Employers share of Provident Fund is paid by Govt.); Introduction of fixed term employment; Additional incentives under ATUFS; and Enhanced duty drawback coverage through ROSL.</p> <p>In addition to the special package for apparel, government has taken several other initiatives/ schemes to boost exports. These initiatives are - 3% Interest Equalization Scheme for manufacturer exporters of readymade garments; Integrated Skill Development Scheme; Amended Technology Up-gradation Fund Scheme (ATUFS); 2% MEIS scheme; and All India Duty Drawback.</p> 16745 http://knnindia.co.in/news/newsdetails/sectors/45-growth-in-readymade-garments-exports-during-apr-jan-in-fy-2016-17 2017-03-31 05:25:41 knnindia.co.in