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Indian garment exports likely to reach $ 20 bn this FY17

Related Keywords: a mega trade show, CMAI is organizing The National Garment Fair, current fiscal, expected to reach to USD twenty billion, helped by new initiatives announced by the government, inclusion of state-level taxes in the computation of duty drawback, Indian garment export, major relief to the exporting segment, special package

Garment export of India estimated at $16.80 billion now, expected to reach to $20 billion (nearly Rs 1.33 lakh crore) during the current fiscal, helped by the new initiatives announced by the government for the sector, an industry official said.

The Union Cabinet last week approved a Rs 6,000 crore special package for textiles and apparel sector with an aim to create one crore new jobs in three years and attract investments of $11 billion with an eye on $30 billion in exports.

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