FTP 2023 pragmatic, to increase country's share in global trade, says India Inc

On the measures for the apparel and clothing sector, Chairman of Confederation of Indian Textile Industry, T Rajkumar said the extension of the Special Advance Authorisation scheme to the sector on a self-declaration basis was a long-awaited facilitation measure and will surely facilitate prompt execution of export orders. Additionally, the new amnesty scheme offering a one-time settlement of default in export obligation by Advance Authorisation and EPCG authorisation holders for a limited period will prove to be extremely beneficial for the domestic textile and apparel industry, he added.

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