Apparel industry to see Rs 5,000cr investment this year – Feedback

Apparel industry body AEPC is expecting around Rs 5,000 crore fresh investments into the sector during the current fiscal which may create as many as two million jobs.

Describing the Rs 6,000-crore textile booster package announced by the government late last month as a “game-changer,” Apparel Export Promotion Council (AEPC) chairman Ashok G Rajani that based on the initial feedback he has received, around Rs 5,000 crore may flow into the industry in fresh capex this fiscal year itself. This additional investment into the apparel sector, which has not seen any investments for years, alone can create as many as two million jobs this year, he said, adding that the impetus will be on the near-doubling of the capital subsidy to 25% of one’s investment.

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