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

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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

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

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