Home / Knowledge / News / Apparel/Garments / Apparel sector pledges Rs 623cr investment post package
Apparel sector pledges Rs 623cr investment post package
29
Jun '16
AEPC chairman Ashok G Rajani speaking at the press conference. Courtesy: AEPC
AEPC chairman Ashok G Rajani speaking at the press conference. Courtesy: AEPC
The apparel sector is buoyant after the recent announcement of Rs 6,000 crore special package by the government. Within 120 hours of the announcement the sector has pledged to invest Rs 623 crore, according to the Apparel Export Promotion Council (AEPC).

Texport Industries, Texport Syndycate and Midas Touch Export have pledged the maximum amount in Rs 623 crore, which is expected to generate 30,120 new jobs. This was disclosed at a press conference organised by the AEPC.

Speaking at the conference, Sunaina Tomar, joint secretary (exports), ministry of textiles, thanked the government for introducing labour friendly reforms. “The reforms have been initiated for the betterment of the labour, like the government bearing the employers' contribution of the EPF Scheme for those earning less than Rs 15,000 per month, for the first three years. This will leave more money in the hands of the labour,” she said.

AEPC chairman Ashok G Rajani gave an introduction and explained AEPC's approach towards the package and a roadmap to achieve the targets. “We not only have to reach the export target of Rs 30 billion that the government has set for us, but we have to go ahead and exceed that target. With our strategies and the reforms, I do not think that this is going to be very difficult,” he said.

He presented four strategies as a part of AEPC's road map: strategy for HS Code wise promotion of garments, to accelerate export growth rate in preferential market and market diversification, facilitate input availability for enhancing competitiveness and speed to delivery, and roadmap for publicity plan and review. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X