Raja Shanmugam, director at Warsaw International, said that India currently accounts for just three per cent of the global market for apparels and this policy has the potential to increase the share by a further 2-3 per cent in a couple of years.
“Tirupur on its own, exports knitwear of around Rs 25,000 crore per annum and we have set a vision for exports to total around Rs 100,000 crore by 2020. This policy will help realise the vision of reaching Rs 100,000 crore,” Shanmugam stated.
Stalwarts from the Indian apparel sector, who spoke to Fibre2Fashion, were unanimous in their opinion that the recently announced special package for the apparel sector, has huge potential for the industry, and will create millions of jobs and also increase exports. The Union Government had earlier last month approved a Rs 6,000 crore special package...#
Udani was also of the opinion that while increase in exports may not happen immediately, as the fruits of policy may take some time to fructify, he sees them picking up within two years in a substantial manner, although, he added that, exports are linked to various other factors like currency fluctuations, signing of free
trade agreements, etc.
Stalwarts from the Indian apparel sector, who spoke to Fibre2Fashion, were unanimous in their opinion that the recently announced special package for the apparel sector, has huge potential for the industry, and will create millions of jobs and also increase exports. The Union Government had earlier last month approved a Rs 6,000 crore special package...#
“Although the rules are still not clear, we understand that the government will pay the provident fund and ESI on behalf of newly recruited workers, which too we welcome wholeheartedly. The idea behind the policy is creation of new jobs, which, I am sure, the industry will be able to create,” Dhingra said.
Stalwarts from the Indian apparel sector, who spoke to Fibre2Fashion, were unanimous in their opinion that the recently announced special package for the apparel sector, has huge potential for the industry, and will create millions of jobs and also increase exports. The Union Government had earlier last month approved a Rs 6,000 crore special package...#
Shanmugam, on the other hand, recommended setting up of a Knitwear Board, on the lines of the Silk Board and the Coir Board, which will help the policy makers in Delhi, connect with the knitwear hubs of Tirupur or Ludhiana to draft better policies. (AR)
Stalwarts from the Indian apparel sector, who spoke to Fibre2Fashion, were unanimous in their opinion that the recently announced special package for the apparel sector, has huge potential for the industry, and will create millions of jobs and also increase exports. The Union Government had earlier last month approved a Rs 6,000 crore special package...#
Fibre2fashion News Desk - India
marketing@alchempro.com
