India : Made-ups package will boost exports: Texprocil

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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

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