Global Trade Alert
Global Trade Alert

India: Incentive package announced for the made-ups sector

Announcement

07 Dec 2016

On 7 December 2016, the Union Cabinet of India approved several interventions for a period of 3 years to boost employment and export in the Made-ups sector. A majority of these interventions were announced earlier for the textile industry on 22 June 2016 and they have now been extended to the made-ups sector. Further, no additional budget allocation has been made for these interventions but it has been subsumed in the allocation for the textile package, which was INR 6000 crore (~USD 901.883 million).

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

23 Mar 2017

Revocation date:

06 Mar 2019

Updated: 07 Dec 2016
Export subsidy

Within the incentive package, the Ministry of Textiles has announced the Scheme for Rebate of State Levies on exports of made-up articles (the ROSL Scheme). The scheme provides refunds in the form ...

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Implementation date

16 Mar 2017

Revocation date:

No revocation date

Updated: 07 Dec 2016
Tax or social insurance relief In force

The Pradhan Mantri Paridhan Rozgar Protsahan Yojana (PMPRPY) Scheme which was earlier available to the apparel sector has also been extended to the made-ups sector. Under the scheme, the gover...

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Implementation date

13 Jan 2016

Revocation date:

31 Mar 2019

Updated: 07 Dec 2016
Financial grant

In addition to a 15% Capital Investment Subsidy already provided under the Amended Technology Upgradation Fund Scheme (TUFS), an additional 10% capital subsidy has been approved for installation of...

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