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Textile and apparel industry sees a new day of hope

Centuries old textile and apparel industry of India is now moving towards a new trajectory of growth and development. After years of slogging, pushing, realigning and rephrasing the new textile policy is now out. The Government gave a good climax when it finally announced Rs 6,000-crore special package for textiles and apparel sector to create one crore new jobs in next 3 years, attracting investments of $11 billion and generating $30 billion in exports.



Government recently approved a package of Rs 6,000 cr for textiles & apparel sector to create one crore new jobs in 3 years, attracting investments of USD 11 billion and generating USD 30 billion in exports. The measures approved include additional incentives for duty drawback scheme for garments, flexibility in labour laws to increase productivity as well as tax and production incentives for job creation in garment manufacturing. Do you think that the package will help in realizing the true potential of employment generation and growth in the textile and apparel sector?