The Ministry of Finance has increased the Merchandise Exports from India scheme rates for Readymade Garments and Madeups from 2 per cent to 4 per cent for a period of 1.11.2017 to 30.6.2018 on (24th November 2017). Raja M Shanmugham, President said the announcement of MEIS increase is a relief to the ailing knitwear garment export sector and he thanked Arun Jaitley, Hon’ble Union Minister of Finance, Smriti Irani, Hon’ble Union Minister of Textiles, Suresh Prabhu, Hon’ble Union Minister of Commerce and Industry and PMO office for this crucial support at this hour of crisis.