Surat: Rebate on State Lewis Scheme (ROSSL) is being completed on March 31st. So today, after the Cabinet meeting on Wednesday, the public disclosure scheme, with a new rate, will have an additional 20% increase in the subsidy rate. If China gets increased subsidy from Surat in comparison to the $ 2.4
Surat can be in the US market
According to Bharat Gandhi, chairman of Fiasu, Chinese textiles currently cost the international market. In a market like America, textiles are exported from Bangladesh to Zero Duty. If subsidies are raised under the ROSL scheme, textiles such as Viscos, Polyester and Blended, which have a large demand in the US, can be able to outdo China and Bangladesh. With this, there is also a double increase in exports. According to the discussion, subsidies can increase up to 20%.
|Commodity||Subsidy Rate (%)|
|MMF, Silk and Woolen||1.25|
|Garments Under Air Combination||0.66|