The Cotton Textile Export Promotion Council (Texprocil) has welcomed the inclusion of exports of cotton fabrics and made-ups to leading markets, including African countries, under the Merchandise Exports from India Scheme (MEIS), which is expected to boost exports. It feels, exports of value added and labor intensive products like cotton dyed and printed fabrics and made-ups to different African countries like Mauritania, Mali, Dar Es Salaam, Burkina Faso, Guinea Bissaou, Niger, Benin, Angola, Senegal, Togo, Ghana, Kenya and Tanzania will receive a huge boost.

The inclusion of various categories of knitted fabrics under the MEIS will also encourage exports of knitted fabrics including knitted fabrics with Lycra. Exports of cotton fabrics would get a further fillip of 10 to 15 per cent and India would also link up with the global value chains by offering products at competitive prices.

If these measures are followed up by the much awaited announcement of the Interest Rate Subvention Scheme, and an increase in the drawback rates, exporters will be able to overcome the difficulties which they are currently passing through due to the slowdown in the world market.

The Director General of Foreign Trade had issued a notice recently for inclusion of exports of cotton fabrics -- both woven and knitted -- and made-ups to leading markets, including African countries, under the MEIS.

www.ieport.com/2015-2020/MEIS.htm