Textiles sector may generate additional 5 mn jobs by 2017

The US and Europe together account for almost 65% of India's textile exports

Press Trust of India New Delhi
Last Updated : Oct 13 2013 | 1:02 PM IST
The textiles sector is expected to generate additional 5 million jobs by 2017, taking the total employment in this field to about 50 million.
    
The new jobs will be created because of growing demand for apparel and textiles in domestic as well as international markets.
    
"We expect that textiles sector would create additional 5 million jobs during the 12th Plan period (2012-17) as it has been expanding to cater to the needs of both local and overseas customers," Textiles Minister Kavuru Sambasiva Rao told PTI.
    

Also Read

He said that as there is a huge manpower requirement in the industry, about 1.5 million people would be trained by the end of 2017 to join the industry.
    
To meet the need for skilled workers in the sector, the ministry had launched an Integrated Skill Development Sector (ISDS) in 2010 on a pilot basis for two years.
    
During the pilot, 29 projects, with an outlay of Rs 585.52 crore, targeting 5.76 lakh trainees, were sanctioned. So far, around 1.55 lakh people have been trained under the scheme.
    
On August 22, the Cabinet Committee on Skill Development has approved continuation and expansion of ISDS during 12th Plan to train 15 lakh persons with an outlay of Rs 1,900 crore.
    
Rao has called for strategic and time-bound action for building-up modern manufacturing capacity not only to meet the export target but also to address the growing demands of the domestic market.
    
Recently, the Rural Development Ministry has agreed to integrate the workers in sericulture sector with MNREGA programme that guarantees 100-day employment to the poor in rural areas every year.
    
The principle aim of the scheme is to provide employment to people who do not get jobs during the off-season periods. Linking the scheme to the textiles sector is also expected to help in training the workforce.
    
During 2012-13, India's textiles exports stood at $34 billion. For the current fiscal, the ministry has set an ambitious exports target of $43.5 billion.
    
The US and Europe together account for almost 65% of India's textile exports.
    
Faced with weak demand in global markets, mainly the US and Europe, textiles exporters are making efforts to increase their presence in emerging markets like Latin America, Africa and Japan.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 13 2013 | 12:59 PM IST

Next Story