Home / Knowledge / News / Apparel/Garments / Textile bodies hail special package for apparel sector
Textile bodies hail special package for apparel sector
Jun '16
Textile trade bodies have hailed the special package for textile and apparel sector approved by the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi. The package is a strategic decision that would strengthen and empower the Indian textile and apparel sector by improving its cost competitiveness in the global market.

The measures also assume significance due to its potential for social transformation through women empowerment; since 70 per cent of the workforce in the garment industry are women, majority of the new jobs created are likely to go to women.

An elated Ashok G Rajani, Chairman, Apparel Export Promotional Council (AEPC) said, “The apparel industry thanks the Prime Minister and the Textile Minister, Santosh Gangwar for a very comprehensive package that has not only addressed the industry's needs, but also the employment generation needs of the country, that this industry can address. The cost differential that India suffers vis-à-vis our competing countries has been duly addressed. The refund of employers contribution of EPF, Additional incentives under ATUFS , enhanced duty drawback coverage with drawback for domestic duty paid inputs even when fabrics are imported under Advance Authorization Scheme, etc, are support that will help the industry gain cost competitiveness".

He further added that, “the labor reforms will not only help the industry, but also the workmen as it encourages new employment, ensures better take home salaries for lower income workers and puts contractual workers at par with permanent workman in terms of working hours, wages, allowed and other statutory dues. The industry is gearing up the $20 billion target set for this year. With a decline in exports for the last five months in a row, major global markets still recording negative growth and the Brexit uncertainty looming large, the package is timely and gives the industry hope for revival.”

The Southern India Mills' Association (SIMA) has also welcomed the package, saying that the slew of measures announced for the garmenting sector would greatly help the garment exports which attract 16 to 20 per cent duty in all the major international markets.

In a press release, SIMA Chairman M.Senthilkumar thanked the Prime Minister and the Union Cabinet for announcing such an attractive package in a right time when the entire textile industry has been passing through a long drawn recession due to delayed FTAs and market access limitations.

“The package would also help the entire value chain right from fibre to finished fabric due to increased demand in the long run,” he said.

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mohammad Hassan
Biax Fiberfilm

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search