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Photo 47236671 © Bgopal | Dreamstime.com

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 provide a stable policy regime, which is essential for long-term ...

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