Improvement in “textile sector confidence” attributed to export incentive package

The textile industry stakeholders have asserted that the export incentive package and allowing rupee depreciation have improved textile sector confidence through. Exporters linked the increase in exports with flow of cash under the PM’s incentives package, payment of sales tax refunds as well as depreciation of local currency, which improved their liquidity situation. Textile exports rose by 10% to $ 1.13Bn in Dec.’17 from $1.03Bn in Dec.’16. During 1HFY18, textile sector exports went up by 8.07% to $ 6.64Bn from $ 6.15Bn in 1HFY17.

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