Dr A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC) has welcomed the government’s decision to continue the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme on apparels and made-ups till March 31, 2024.
Dr Sakthivel said, the extension will help refund all embedded taxes and make India’s products globally competitive. The scheme will help the Indian textile value chain attain $100 billion annual exports in next three years.
It will generate lakhs of new employment, particularly for the vulnerable sections including semi-skilled, rural youth, migrants and women in the MSME segment. It will also help India achieve the envisioned goal of “Aatmanirbhar Bharat”.
The RoSCTL scheme will also make Indian textile and apparel industry more competitive by controlling the decline in apparel exports, added Dr Sakthivel.
