The Union Budget for 2022-23 has extended the Emergency Credit Line Guarantee scheme (ECLGS) up to March 2023 and its cover will be expanded by Rs. 50000 crore to total cover of Rs. 5 lakh crore. “This is a very positive step as it will provide the much-needed additional credit to the MSMEs,&... (more)
The Union Cabinet, headed by the Hon’ble Prime Minister, Shri Narendra Modi, has on Wednesday approved the Production Linked Incentive (PLI) scheme for notified products of Man-made fibre apparel and 10 segments of technical textiles with a financial outlay of Rs. 10,683 crore over five ... (more)
Shri Manoj Kumar Patodia, Chairman, TEXPROCIL in a statement today, welcomed the announcement of the much awaited RoDTEP (Remission of Duties and Taxes on Export Products) rates for exports. He thanked the Hon’ble Prime Minister, Shri Narendra Modiji for his vision in including the entir... (more)
The Cotton Textiles Export Promotion Council (TEXPROCIL) welcomed the issuance of Govt. notification on the continuation of Scheme for Refunding State and Central Taxes and Levies (RoSCTL) for the Garments & Madeups sector. Terming it as a historic step, Shri Manoj Patodia, Chairman Texprocil t... (more)
The Hon’ble Prime Minister Shri Narendra Modi interacted via video conference on August 6, 2021 with the Heads of the Indian Missions abroad and with stakeholders such as the Export Promotion Councils, Chambers of Commerce, Secretaries of various departments and State Government official... (more)
The Union Cabinet meeting chaired by the Hon’ble Prime Minister, Shri Narendra Modi, on 14th July 2021 has given its approval for the continuation of the RoSCTL (Rebate of State and Central Taxes and Levies) with the same rates as notified by the Ministry of Textiles vide Notification dated M... (more)
The Government has modified the ECLGS (Emergency Credit Line Guarantee Scheme). Borrowers who are eligible for restructuring as per RBI guidelines of May 05, 2021 and had availed loans under ECLGS 1.0 of overall period of four years comprising of repayment of interest only during the first 12 ... (more)
Mr. Manoj Patodia, Chairman, The Cotton Textile Export Promotion Council (TEXPROCIL) welcomed the present developments of resumption of talks under the leadership of Hon’ble Prime Minister Shri Narendra Modi. Resuming the long pending negotiations will benefit the bilateral trade between Indi... (more)
Eradicating child labour in any form of employment is an important issue across the world and all major importing countries, especially USA in particular, are sensitive to this issue. In the list of restricted import of goods published on 30th September 2020, the United States Department of La... (more)
The Chairman of Texprocil, Shri Manoj Patodia welcomed the initiative taken by the Ministry of Textiles, in conveying to the Commerce Ministry, to pursue and conclude a limited trade deal with the UK that includes textile and clothing products. “The textile & clothing industry is very kee... (more)
