Question

Give an account on textile industry?​

Answer 1

Answer:

Introduction India's textiles sector is one of the oldest industries in Indian economy dating back several centuries.

Answer 2

Answer:

The Directorate General of Foreign Trade (DGFT) has revised rates for incentives under the Merchandise Exports from India Scheme (MEIS) for two subsectors of Textiles Industry - Readymade garments and Made ups - from 2 per cent to 4 per cent.As of August 2018, the Government of India has increased the basic custom duty

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