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Read MoreWhy the Textile Sector is Thriving
India is not only the world's largest producer of cotton but also a key exporter of textile products. By 2029, the Indian textiles market is projected to surpass US$ 209 billion. During the crop year from October 2021 to September 2022, India produced 360.13 lakh bales of cotton. Despite global challenges, the country’s textile exports grew by 9% in FY21, highlighting the industry's resilience.
As a business in the textile industry, now is the perfect time to expand into international markets. BizMantra can help you obtain the Textile Export Promotion Council License (TEXPROCIL), ensuring you benefit from this massive opportunity.
What is the Textile Export Promotion Council (TEXPROCIL)?
The Textile Export Promotion Council (TEXPROCIL) is an organization established by the Government of India to support Indian textile exporters, including apparel exporters. As a registrant under the Apparel Export Promotion Council (AEPC), you’ll gain access to international markets and participate in initiatives to promote Indian textile products globally. The TEXPROCIL license allows exporters to leverage government programs designed to boost exports.
Benefits of TEXPROCIL License
By acquiring the Textile Export Promotion Council License through BizMantra, your business will gain eligibility to participate in the government’s export promotion schemes. Additionally, you will benefit from various Textile Export Incentive Schemes, including :
Merchandise Exports from India (MEIS) SchemeThe MEIS offers duty rewards to eligible textile categories, providing exporters with incentives of 2–5% on the Free on Board (FOB) value of exports. This is designed to encourage textile exports to target markets.
Duty Drawback SchemeUnder the Duty Drawback Scheme, exporters receive refunds on customs duties paid on imported raw materials or machinery used for textile production. This refund applies when textiles are exported or used in the manufacture of exportable textile products.
Market Access Initiative (MAI) SchemeThe MAI Scheme supports long-term export promotion by assisting exporters, institutions, and trade organizations in entering new markets or expanding their presence in existing ones. It includes funding for trade fairs, market surveys, and more.
Market Development Assistance (MDA) SchemeThe MDA Scheme supports exporters through export promotion initiatives in specific markets such as Africa, CIS, ASEAN, and LAC regions. This scheme covers costs related to participation in international trade exhibitions and fairs.
Schemes by the Ministry of Textiles
BizMantra ensures you benefit from all relevant government schemes, including:
Workers’ Hostel Scheme :This scheme aims to provide safe housing for workers in textile parks, promoting worker retention and boosting productivity.
Mega Cluster Scheme :This initiative scales up infrastructure and production in disorganized handicraft clusters, enhancing their competitiveness.
Technology Upgradation Fund Scheme (TUFS) : The TUFS scheme provides capital investment subsidies to encourage manufacturing with zero defects and zero environmental impact. This boosts investment in the textile sector, enhancing quality and production capabilities.
Product Linked Incentive (PLI) Scheme for Textiles
The PLI Scheme supports the production of MMF Apparel & Fabrics and Technical Textiles to make India globally competitive. It offers incentives based on performance, providing financial rewards to businesses that meet certain criteria.
Incentives under the PLI Scheme are available for five years (2024-2029). For example, in Year 1 (FY 2024-25), companies with an incremental turnover of ₹600 crore on a ₹300 crore investment will receive a 15% incentive, while those with a ₹200 crore turnover on a ₹100 crore investment will receive an 11% incentive.
Membership Fees and Renewal for TEXPROCIL
To become a TEXPROCIL member, you must pay the following:
Member Exporter : Rs. 23,600 (including GST)
Registered Textile Exporter : Rs. 12,980 (including GST)
Renewal Fees :
Member Exporter : Rs. 16,520 (including GST)
Registered Exporter : Rs. 9,440 (including GST)
Membership is renewed annually. Failure to renew will result in the automatic cancellation of your Registration cum Membership Certificate (RCMC).
