Home / Knowledge / News / Textiles / Made-ups package will boost exports: Texprocil
Made-ups package will boost exports: Texprocil
10
Dec '16
The package for the made-ups sector that has recently been approved by the Union Cabinet will boost exports of made-ups and generate new employment opportunities, according to the Cotton Textiles Export Promotion Council (Texprocil). It is expected to create up to 11 lakh large scale direct and indirect jobs over the next three years in this sector.

“This is a positive move by the government which will give a big boost to exports of made ups and also generate employment opportunities. This announcement has come as a relief to the exporters of made-ups who are passing through a difficult phase as their products face duty disadvantage in the main market of EU as compared to products from competing countries on account of preferential tariffs given to some of them,” said Ujwal Lahoti, chairman, Texprocil.

Lahoti extended his thanks to Prime Minister Narendra Modi, Union textiles minister Smriti Irani, secretary of textiles Rashmi Verma and the entire ministry of textiles for having kept the promise of extending the special package for apparels to the made ups sector.

The package includes similar measures given to apparels such as additional 10 per cent subsidy under Technology Upgradation Fund Scheme (TUFS), additional contribution under Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) and the Rebate of State Levies (ROSL). The made-ups sector generates employment opportunities for women and in rural areas and the government has recognised this potential while announcing the measures, said Lahoti.

The permissible overtime has been increased up to 100 hours per quarter and the employees’ contribution to EPF has been made optional for employees earning less than Rs 15,000 per month. According to Lahoti, these measures will go a long way in bringing about labour reforms in the sector besides enhancing the benefits to the workers. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Urmil Arya

Sushila International, a well established textile organisation established ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Jay Ramrakhiani
Occasions Elegance Wear

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search