Business Wire IndiaThe much awaited package for the made ups sector has been approved by the Union Cabinet with the primary objective of creating large scale direct and indirect employment of upto 11 lakh persons over the next three years in this sector.
Shri Ujwal Lahoti, Chairman of the Cotton Textiles Export Promotion Council (TEXPROCIL) extended his thanks to Shri Narendra Modi, Hon’ble Prime Minister for his visionary outlook towards employment generation. He conveyed his special thanks to Smt. Smriti Irani, Hon’ble Union Minister of Textiles, Smt. Rashmi Verma, Secretary of Textiles and the entire Ministry of Textiles for having kept the promise of extending the special package for apparels to the made ups sector also.
Welcoming the package, Shri Ujwal Lahoti said, “This is a positive move by the Government which will give a big boost to exports of made ups and also generate employment opportunities.” Shri Lahoti pointed out that this announcement has come as a relief to the exporters of made ups who are passing through a difficult phase as their products faces duty disadvantage in the main market of EU as compared to products from competing countries on account of preferential tariffs given to some of them.
The package includes similar measures given to apparels such as additional 10% subsidy under Technology Upgradation Fund Scheme (TUFS), additional contribution under Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) and the Rebate of State Levies (ROSL). The made ups sector generates employment opportunities for women and in rural areas and the Government has recognized this potential while announcing the measures, according to the Chairman, TEXPROCIL.
The permissible overtime has been increased upto 100 hours per quarter and the employees’ contribution to EPF has been made optional for employees earning less than Rs.15000 per month. According to Shri Lahoti, these measures will go a long way in bringing about labour reforms in the sector besides enhancing the benefits to the workers.
Photo Caption: Shri Ujwal Lahoti, Chairman –TEXPROCIL
