Business

Govt takes several steps to enhance export of cotton products

Latest Update: October 23, 2016 | 174 Views
cotton

The Government has taken a number of steps to enhance country’s exports of cotton products.

Under Textile Policy 2015-19, an amount of 64.15 billion rupees will be spent on the textile sector to double the exports of textiles and clothing sector from the existing thirteen billion to twenty-six billion dollars.

In order to reduce cost of doing business, the Government has already reduced the electricity tariff by three rupees for the industrial units.

The availability of affordable finance for the export sector has considerably improved as a result of measures taken by the Government.

Duty free import of textile machinery is continuing during the current financial year. A technology upgradation fund scheme for the textile sector has also been formulated to help boost exports of textile products.