📋 Tender Overview
As per Annual Survey of Industries (ASI) data, invested capital in manufacturing of textiles and manufacturing of apparels in 2000-01 was Rs. 66,45,908 lakh while the corresponding figure for 2021-22 was Rs. 3,15,10,814 lakh. The share of total invested capital in the textile sector was of the total manufacturing sector for 2000-01 was 11.60% while the corresponding figure for 2021-22 was 5.68%. The total invested capital for the year 2022-23 as per ASI data is Rs. 3,65,07,663 lakh. Exports is a function of demand and supply and depends on a large number of factors such as global demand, order flow, logistics etc.
In order to promote growth and development of the textile sector including exports, the Government is implementing various schemes/initiatives including PM-MITRA, Scheme for Integrated Textile Park (SITP), Integrated Processing Development Scheme (IPDS), Production Linked Incentive (PLI) Scheme, National Technical Textiles Mission (NTTM), SAMARTH Scheme for Capacity Building in Textile Sector ATUFS, Silk Samagra-2, National Handloom Development Program (NHDP) and National Handicraft Development Program (NHDP) etc.
To boost textile and apparel exports, the Government provides financial support under Market Access Initiative Scheme to various Export Promotion Councils and Trade Bodies engaged in promotion and branding of textiles and garments exports, for organizing and participating in trade fairs, exhibitions buyer-seller meets etc. at national and international levels. Besides, the Government is implementing scheme for Rebate of State and Central Taxes and Levies (RoSTCL) on exports of Apparel/Garments an Made-ups to boost export of textiles products.
