Textile Stocks Plunge 6% as RoDTEP Export Incentive Halved
M
Moneycontrol•24-02-2026, 10:09
Textile Stocks Plunge 6% as RoDTEP Export Incentive Halved
•Gokaldas Exports, Arvind, and other textile stocks dropped up to 6% on February 24.
•The fall followed the government's decision to cut the RoDTEP export support scheme benefits by 50%.
•The Directorate General of Foreign Trade (DGFT) announced that applicable RoDTEP rates would be limited to 50% of existing rates with immediate effect.
•FIEO President S C Ralhan expressed concern, stating the cut comes at a challenging time for Indian exports facing global headwinds.
•India's exports marginally rose by 0.61% in January, but the trade deficit widened to a three-month high.
