The Minister of State for Textiles, Shri E.V.K.S. Elangovan, informed the Rajya Sabha in a written reply to a question by Shri B. J. Panda And Ms. Pramila Bohidar that taking into account submissions of textiles and clothing export promotion councils and other associations, that the exports of textiles have been adversely affected due to the appreciation in the value of the Indian rupee vis-a -vis US dollar in the recent months, the Government has provided several relief measures, which include increase in Duty Entitlement Pass Book and Duty Drawback rates, exemption from service tax on select services, reduction in interest rates of pre-shipment and post-shipment credit and faster clearance of arrears of terminal excise duties and Central Sales Tax. These measures are applicable for the entire country including the State of Orissa.
The Minister further informed that the target for the current fiscal year for textiles and clothing exports is US$ 25.06 billion. It is hoped that the textiles industry would be making sincere efforts to achieve the export target in the current fiscal year.
Press Information Bureau Government of India
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