Home / Knowledge / News / Apparel/Garments / GEA President welcomes proposal to launch skill development programme
GEA President welcomes proposal to launch skill development programme
02
Mar '10
Expressing disappointment for lack of any special provision for the garment sector in budget proposals for 2010-11, Mr.Rakesh Vaid, President, Garments Exporters Association regretted that the finance minister did not include textiles and clothing industry while extending two per cent interest subvention for exports credits by one year.

"The budget has not given due consideration to various recommendations of the exporting community," said Mr Vaid. "The finance ministry should have appreciated the fact that labour-intensive garment export sector requires special consideration as it adds maximum value to the exported products using over 95 percent indigenous materials."

The textile and clothing Industry is second largest employment generated after agriculture with direct employment of 33 million people and indirect employment of 55 million people. Nearly half of seven million workers employed in the garment sector are engaged in exports. India exports garments worth 10 billion dollars (about Rs 46,000 crore) annually and ranks sixth worldwide. Mr Vaid said the budget also did not touch upon issues of India's cost competitiveness vis-a-vis neighbouring countries, specific concerns relating to high transaction costs, poor infrastructure and realistic duty drawback rates.

He further pointed out that the Budget should have provided the necessary exemption from service tax on all export related services to avoid blockage of capital of exporters, as the present procedure of first depositing and then claiming refund is time-consuming, resulting in unnecessary delays and harassment.

He further pointed out that increase in excise duty and prices of petroleum products will further increase the input and transaction cost of exporters who are still reeling under the impact of global economic slowdown.

However, Mr Vaid has welcomed the proposal to launch an extensive skill development programme by leveraging the strength of existing institutions to train three million workers in the next five years. He also appreciated the initiative to provide one time grant of Rs.200 crore to 20 Common Effluent Treatment Plant(CETP) installed by dyeing units in Tirupur, Tamil Nadu.

Garments Exporters Association


Must ReadView All

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Courtesy: EUBrasil

Textiles | On 11th Dec 2017

Euratex, ABIT welcome negotiations for EU-Mercosur FTA

European Apparel and Textile Confederation (Euratex) and the...

Most firms expect no change in investment plans: CII survey

Textiles | On 11th Dec 2017

Most firms expect no change in investment plans: CII survey

Despite visible optimism in Indian industry with the Confederation of ...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

December 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

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

Yes No

Active Poll

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

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

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

Yes No

Active Poll

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

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

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

Active Poll

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

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


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