Indian apparel and ready-made garment (RMG) exporters trying to weather the dual headwinds of depressed demand and Red Sea-linked transit disruptions, breathed a collective sigh of relief when New Delhi decided to extend a tax waiver scheme until March 2026.
The rebate programme – intended to boost the cost competitiveness of Indian goods in global markets – was scheduled to end this March.
“The continuation of the scheme for two years will …
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