If Government increase subsidy for export cloth,then Surat can smash China and Bangladesh

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 (%)
Cotton Garments 1.7
MMF, Silk and Woolen 1.25
Apparel 1.48
Cotton Maid-ups 2.2
MMF-Silk Maidups 1.4
Blended Maid-ups 1.8
Garments Under Air Combination 0.66

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