The new policy measures unveiled by the Government for the Indian Textiles and Apparel industry today will give a much-needed impetus to the Indian apparel industry, and spur growth, employment and investment, according to Mr Chandrajit Banerjee, Director General, CII.
The package contains several measures which have been highlighted in the preliminary findings of the CII-BCG study on the Apparel, made-ups and Textiles sectors and we are indeed delighted that our recommendations have found resonance with policy makers. It is absolutely imperative that India nurture a robust value chain, a game-changing advantage that India possess. The slew of measures announced today are a very positive first step in this journey for creating a new growth story for the Indian apparel, made-ups and textiles industry, according to Mr Banerjee.
Mr B K Goenka, Chairman, Welspun Group & Co-Chairman CII National Committee on Textiles said, “We welcome and appreciate the thrust and focus given to the Textile, made-ups and Apparel industry. The proposed Flexible Labour Reforms will help to achieve scale in the apparel sector. Flexible Labor Reforms are critical for the sector as the industry is highly labor intensive and India needs to increase productivity to put up with the growing competition.”
The apparel, made-ups and textile industry is the largest industrial employer of women in the country. It can provide quick employability to a large mass of workers. If India can increase its share of the global market share from 5% to 10%, this industry can generate 50 million additional jobs by 2025 – that’s half the Make in India target, he said.
22 June 2016