India/degree textile export target USD 100 million

In 2014/15, the Indian Ministry of Textiles has set a textile product export target of US$45 billion. This target has not changed after consultation.
The government supports the export of textile products through different foreign trade policies. Such as key market plans, market-related key product plans, key product plans, and tax rebate plans.
Textile exporters can also avail the Export Promotion of Capital Goods Scheme and Advance Authorization Scheme to import capital goods and raw materials duty-free with a subsidy interest rate of 2%. For certain textile products, the interest rate increases to 3% under the subsidy scheme.
In order to encourage the export of ready-made clothing, tax-free benefits for accessories, decorations and other designated items will be added in the 2014/15 budget, which will be 3-5% of the export value.