Related Keywords: export credit, export promotion capital goods scheme, export subsidies, focus market scheme, FPS, India textile industry, Indian textile and garment sector, market-linked FPS, phase out subsidy, WTO rules
India’s textile and garments sector employ over 35 million people and accounts for over 12% of its total exports. The export subsidies offered by India for Textile and Clothing are under certain heads such as the Focus Market Scheme, Focus Product Scheme (FPS), market-linked FPS, Export Promotion Capital Goods Scheme, interest subvention on pre- and post-shipment export credit as well as tax breaks for special economic zones.
