Knit production in India has been boosted by the inclusion of a range of different knitted fabrics in an export incentive scheme.
The introduction of a new list on the Merchandise Exports from India Scheme (MEIS), which rewards producers with a financial incentive equivalent to two per cent of the total amount of exports, could see cotton fabric exports rise by around 10 per cent rise year because of inclusion of the fabric when sold to Bangladesh and Sri Lanka.
Source:knittingtradejournal.com
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