Govt restores benefits for textiles exports

The government stepped in to provide a boost to ready-made garments and made-ups to help manufacturers tide over the adverse impact of GST and provide a thrust to shipments of these two major segments of the textiles sector ahead of Gujarat elections. On Friday, it doubled incentive under the Merchandise Exports from India Scheme (MEIS) to 4%, a source said, while refund of state levies will be in…