The recent high growth of foreign direct investment (FDI)
in the Indian textiles sector has boosted the confidence levels in the textiles
industry, textiles minister Smriti Irani has said. The success rate of
placements of skilled workforce in textiles sector is now over 70 per cent, she
said inaugurating the textiles and apparel fair Vastra 2017 in Jaipur.
The 6th edition of the four-day international fair started on September 21. On
the success of the Integrated Skill Development Scheme, Irani said the
government continues to engage with the trainees even after placement to ensure
that individuals continue in the job for at least six months, according to a
press release from the textiles ministry.
Referring to the Rs 6,000-crore government package specially aimed at providing
support to the textiles, apparel and made-ups sectors, Irani said as the
textiles sector offers direct employment to over 45 million people and
indirectly impacts close to another 20 million households, the sector’s growth
will have a proportionate impact on the growth of employment opportunities.
Rajasthan State Industrial Development and Investment Corporation Ltd. has
organised the fair in association with the Federation of Indian Chambers of
Commerce and Industry. It hosts over 300 international buyers and around 200
representatives from 100 Indian buying houses or agents.
Source: DNA India, India Saturday, 23 September 2017