Commenting on the Cabinet's approval for a special package for employment generation and promotion of exports in Textile and Apparel sector, FICCI Textiles Committee Chairman, Shishir Jaipuria said that the committee welcomes the special package which addresses the issues of textiles industry holistically.
"This is timely and would provide a much needed impetus to the value addition and employment in the country," added Jaipuria.
He further added that the proposal to provide flexibility to the garment industry, which is seasonal in nature under various labor laws would help the industry to meet their orders timely and be competitive too.
"This would attract large investments and create more job opportunities especially for the women in the sector" he added.
He further stated, "As the Indian textiles and garment industry is facing tough competition in the global market, the refund of State levies come as a breather and would help them to gain more competitiveness in global markets where we have to compete with other countries that enjoy duty free regime."
FICCI added that such a package could also be extended to made-up sector that is high employment generating sector and also a value added segment of the textiles value chain.
