Business Standard

Textile package suffers delivery failure due to demonetisation, GST

Imaginatively designed incentives to grow jobs in the textile sector ran into the unforeseen headwinds of demonetisation and GST



Subhayan Chakraborty
More than two and half years into the government’s three-year deadline to create 10 million new jobs in the textile sector have passed but manufacturers are yet to ramp up hiring.
An imaginatively designed Rs 6,000-crore mega-package for the textile industry was announced in June 2016, aimed to boost exports by $30 billion, and attract investments worth Rs 74,000 crore over the next three years until 2019. At the same time, Finance Minister Arun Jaitley had said the package would lead to a flat addition of 10 million jobs across the sector.
So how many jobs have been created? Neither

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 30 2019 | 10:15 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to