Latest news with #RoSCTL
Time of India
2 days ago
- Business
- Time of India
Task force on textiles exports sets collaborative roadmap to boost India's global market share
The Ministry of Commerce & Industry held the inaugural meeting of the Task Force on Textiles Exports under the chairmanship of Commerce Secretary Sunil Barthwal at Vanijya Bhawan on June 10. The high-level meeting marked a significant step toward building a collaborative framework aimed at enhancing India's share in global textile exports, the ministry said in an official release. The newly formed Task Force is envisioned as a unified platform to address critical challenges in the textile sector, foster stakeholder engagement, and develop actionable strategies to boost exports across the textile value chain. The discussions at the meeting were comprehensive, covering a wide range of policy and operational issues. Key focus areas included: Upgrading ESG infrastructure in garment units Promoting renewable energy use Addressing EU Deforestation Regulation (EUDR) compliance Expanding e-commerce channels for textile exports Simplifying regulatory frameworks, improving labour productivity, and enhancing cost competitiveness Focused support for MSME exporters, including export credit, certification, and testing support Scheme-related suggestions on RoDTEP, RoSCTL, and Duty Drawback Promotion of PM MITRA Parks, jute diversified products, separate HS codes for GI products, and natural fibre productivity The meeting was attended by senior officials including Special Secretary Rajesh Agrawal, Special Secretary L Satya Srinivas, FA Arti Bhatnagar, DGFT Ajay Bhadoo, and Additional Secretary (Textiles) Rohit Kansal, along with representatives from related departments, Export Promotion Councils (EPCs), industry associations, and leading exporters. Exporters and council members shared critical insights and provided recommendations for sectoral improvement. Based on these deliberations, the Chair directed that sub-task forces be formed on key thematic areas. Each sub-task force will be led by the concerned ministry and will include members from EPCs and industry stakeholders. Their mandate will be to deliver practical, time-bound recommendations to the main Task Force. The meeting concluded with a shared commitment to advancing India's textile export goals in alignment with the Viksit Bharat Vision 2047 , reinforcing the government's resolve to position India as a global textile powerhouse.
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Business Standard
3 days ago
- Business
- Business Standard
Centre sets up a new task force to boost country's textile exports
In a bid to enhance India's textile exports at a time when the country is signing trade deals with developed nations, the government has set up a new task force that will look into sector-specific bottlenecks such as regulatory hurdles, cost competitiveness and lack of enough export credit. Commerce Secretary Sunil Barthwal has been appointed as the chair of the task force with representation from officials of Department of Commerce, Ministry of Textiles, Directorate General of Foreign Trade, along with representatives from export promotion councils, industry associations and exporters. In its first meeting, the task force decided to set up several issue-specific sub-groups, which will be led by relevant ministries in coordination with export promotion councils and industry representatives. These sub-groups will provide actionable recommendations to the task force, the commerce and industry ministry said. The discussion touched upon a wide range of issues affecting the textile value chain. These included upgradation of Environmental, Social and Governance infrastructure in garment manufacturing, use of renewable energy in manufacturing, European Union's Deforestation Regulation (EUDR), strengthening e-commerce for export growth, labour issues, cost competitiveness for productivity enhancement, skilling, and branding. Participants also raised issues with export-related incentives such as RoDTEP (Remission of Duties and Taxes on Exported Products) and RoSCTL (Rebate of State and Central Taxes and Levies). They also sought collateral support for export credit for MSMEs. Stakeholders also discussed PM MITRA textile parks, development of new Jute Diversified Products (JDPs), separate harmonised system (HS) codes for Geographical Indication products, productivity enhancement for natural fibres such as jute and matters about the Export Promotion Mission.
