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
<p>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...
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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
<p>The&nbsp;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,...
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Implementation date

13 Jan 2016

Revocation date:

31 Mar 2019

Updated: 07 Dec 2016
Financial grant
<p>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 installat...
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