Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Gujarat to host textile conclave in June

Gujarat will host the Textile India Conclave and Exhibition from June 30 to July 2, 2017. This will be a big platform for industry players to showcase their products. Big players of the textile industry who source from India, chief operating officers and industry leaders are expected to participate. There will also be business-to-business meetings.

It may be recalled the Union government had announced a Rs 6,000 crores special package for the textile and sector but even six months later there are few takers. Few applications for benefits have been received. The package has not taken off as was expected. The scheme was launched after accommodating suggestions and demands from the industry. However, it has not translated into an increase in investment, employment generation or more exports.

The government is planning to reach out to industry by meeting associations and camps to further explain what the package. The package aims to help in creating one crore jobs, mostly for women, in the next three years. It includes several tax and production incentives. Labor laws will be made flexible in order to increase productivity. These initiatives are expected to lead to an increase in exports by 30 billion dollars and help attract investment worth Rs 74,000 crores in three years.