Web Exclusive | November 2016
Rs 6k crore special package may cover hometex
The Rs 6,000-crore special package, which was recently approved for the garment sector, may cover the home textile segment, the sector which was earlier excluded from its ambit. Minister of Textiles Smriti Irani told that she is actively considering to extend the benefits of special package to the made-ups and home textile segment.
The made-ups and home textile segment is equally, if not more labour intensive than the apparel sector, and has the capability of generating sizeable new employment. At the same time it will act as a pull factor for increased consumption of fiber, yarns and fabric produced domestically.