The Indian textile sector will start trend forecasting soon.
This will help determine what will be in vogue in the near future, as India gears up to influence global fashion trends.

Schemes will be firmed up for the apparel and made-ups sectors which are WTO-compliant. This will be an added incentive for exporters and allow them to compete with the EU and other countries.

India is unable to compete in apparel exports with countries like Bangladesh and Vietnam, which enjoy zero duty access. More incentives are in the pipeline for the apparel sector under the Merchandise Exports from India Scheme.

An innovation and incubation center is also being set up which will incubate startups in the sector and handhold them to move forward. A repository of various indigenous crafts will be prepared. Joint ventures with other countries are being planned on technical textiles and specialty fibers. An India-specific apparel sizing is being undertaken.

The Remission of State Levies Scheme is being reexamined. A hike in rebates is likely. Embedded duties will be refunded fully.

India’s share in world trade in textile and clothing is estimated to be 4.95 per cent. With these exports, India is ranked second among suppliers in the world.