Fashion
India extends RoDTEP scheme till Mar 2026 to counter US tariffs
“In exercise of the powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade Policy (FTP) 2023, the Central Government hereby notifies the extension of the RoDTEP Scheme beyond September 30, 2025. Accordingly, the RoDTEP Scheme shall remain in force and be applicable to exports made from Domestic Tariff Area (DTA) units, Advance Authorisation (AA) holders, Special Economic Zone (SEZ) units, and Export Oriented Units (EOUs) up to March 31, 2026,” the DGFT said in a notification issued today.
India has extended the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme by six months beyond September 30, 2025, to March 31, 2026, amid 50 per cent US tariffs.
The extension, notified by DGFT, will support exporters across DTA, AA, SEZ, and EOU units.
Current rates remain unchanged, with operations subject to the FTP 2023 budgetary framework.
The existing RoDTEP rates, as notified, shall continue to apply for all export items. However, the operation of the scheme will remain subject to the budgetary framework provided under Para 4.54 of FTP 2023, so that remissions during the financial year are managed within the approved allocation.
In August 2021, the government announced tax refund rates for 8,555 products, including yarn. Various central and state duties, taxes, and levies on input products are refunded under the scheme, with rates ranging from 0.3 per cent to 4.3 per cent. RoDTEP refunds taxes and duties not covered by other schemes, in line with WTO provisions for compensating duties, taxes, and levies on exported products. In the textile industry, the scheme provides relief for exports of 18 items, including sarees and lungis.
Fibre2Fashion News Desk (KUL)
Fashion
FTAs, PTAs in focus as Sri Lanka aims for growth
Fashion
Sangeet Syntex showcases innovations at FABTEX 2026
With nearly five decades of industry experience, Sangeet Syntex is presenting a comprehensive portfolio of greige and finished circular knitted fabrics, alongside its B2B garment solutions. The showcase highlights advanced fabric developments featuring performance finishes such as moisture-wicking, UV protection, and anti-microbial properties, catering to applications across sportswear, corporate wear, uniforms, casualwear, and home textiles.
Sangeet Syntex Limited is showcasing its latest knitted fabric innovations at FABTEX 2026 in Mumbai from April 16–18.
The display includes greige and finished fabrics, performance finishes, and B2B garment solutions, highlighting its technical expertise, customisation strengths, and integrated manufacturing capabilities while engaging with industry stakeholders.
The company’s vertically integrated capabilities, from yarn texturising to finished fabrics, enable consistent quality, customisation, and faster turnaround. Visitors can also explore its wide fibre range, including polyester, poly-spandex, viscose, cotton, recycled polyester, and biodegradable Eco Gold polyester, along with versatile knitted structures and finishes.
“FABTEX 2026 provides an excellent platform for us to demonstrate our innovation-driven approach and connect with industry stakeholders,” Rahul Modi, Managing Director, Sangeet Syntex Limited, told Fibre2Fashion. “We are excited to showcase our latest developments and explore new opportunities for collaboration.”
Established in 1980, Sangeet Syntex Limited is a trusted manufacturer of high-quality knitted fabrics and customised garment solutions, serving clients across India and global markets. With over 45 years of expertise, the company continues to strengthen its industry presence through technical excellence, quality assurance, and customer-centric innovation.
Fibre2Fashion News Desk (RKS)
Fashion
US small business optimism falls in March 2026: NFIB survey
The seasonally-adjusted frequency of reports of positive profit trends fell by 11 points from February to negative 25 per cent, contributing the most to the optimism index’s decline.
The US National Federation of Independent Business small business optimism index fell by 3 points in March to 95.8, leaving it below its 52-year average of 98.
The seasonally-adjusted percentage of owners expecting better business conditions fell by 7 points from February to 11 per cent—the third monthly decline in a row.
Sixteen per cent of them plan to make capital outlays in the next six months.
The seasonally-adjusted net per cent of owners expecting better business conditions fell by 7 points from February to 11 per cent—the third consecutive monthly decline and the lowest level since October 2024. This was the second biggest contributor to the index’s decline.
The last time the optimism index fell below its historical average was April 2025. The uncertainty index rose by four points from February to 92, well above its historical average of 68.
“The 20-per cent small business deduction and other supportive small business tax provisions in the Working Families Tax Cut Act have had many positives for small business owners,” said NFIB chief economist Bill Dunkelberg.
“However, the dramatic spike in oil prices has spooked consumers and owners alike. Small business owners are having to absorb those higher input costs and pass them along to their customers,” he noted in an NFIB release.
The employment index fell in March to 101.6 from February’s 103.5. While the 1.9-point decline is a meaningful turn in labour market conditions, the current reading remains above both the 2025 average of 101.2 and the historical average of 100.
In March, both planned and actual labour compensation decreased month on month (MoM). A seasonally-adjusted net 33 per cent reported raising compensation—down by a point. A seasonally-adjusted net 18 per cent plan to raise compensation in the next three months—down by 4 points MoM and the lowest reading since July 2025.
Sixteen per cent (seasonally adjusted) of small business owners plan to make capital outlays in the next six months—down by two points from February and the lowest level since November 2009.
A net negative 5 per cent (seasonally-adjusted) of owners plan inventory investment in the coming months—down by three points MoM and the lowest level since May 2024.
In March, 62 per cent of small business owners reported that supply chain disruptions affected their business to some extent—up by 3 points MoM. Three per cent reported a significant impact—down by 2 points, 17 per cent reported a moderate impact—up by 3 points, 42 per cent reported a mild impact—up by 2 points, and 36 per cent reported no impact—down by 3 points.
Actual price increases picked up in March following three consecutive months of decline. The net per cent of owners raising average selling prices rose by 1 point MoM in March to a net 25 per cent (seasonally-adjusted), well above its historical average.
When asked to evaluate the overall health of their business, 13 per cent rated it as excellent (up by one point MoM), 51 per cent as good (down by four points MoM), 30 per cent as fair (up by four points MoM), and 4 per cent as poor (down by a point).
A seasonally -adjusted 32 per cent of small business owners reported job openings they could not fill in March, down by a point MoM. Unfilled job openings remain above the historical average of 24 per cent. Twenty-seven per cent had openings for skilled workers, and 12 per cent had openings for unskilled labour.
A seasonally-adjusted 12 per cent of owners plan to create new jobs in the next three months, unchanged from February and close to the average of a net 11 per cent.
Nineteen per cent of business owners reported taxes as their top problem, unchanged from February. Fifteen per cent cited labour quality as their top problem.
Fourteen per cent of owners reported that inflation was their top business problem.
Fibre2Fashion News Desk (DS)
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