TEXPROCIL Welcomes the Issuance of Govt. Notification on Extension of the RoSCTL Scheme

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 thanked the Hon’ble Prime Minister, Shri Narendra Modiji for recognizing the potential of the Madeups/Home Textiles sector as an engine of economic development by providing employment, promoting inclusive growth and ensuring the empowerment of women.

Shri Manoj Patodia, Chairman - TEXPROCIL

The continuation of the RoSCTL Scheme for four years till 2024, lays down the foundation for reaching the export target of US$100 billion in the Textile and Apparel sector in the said period, Shri Patodia added. The exporters will also be encouraged to enter into long term contracts with their buyers in view of the stable policy which will lead to higher export growth. The vision of the Hon'ble Prime Minister has set the country on the path of achieving the export target of US$400 billion this year (2021-22) and the Textile & Clothing sector will make a significant contribution in realizing the same.

For more information, please visit: www.texprocil.org.