The Andhra Pradesh government is encouraging the textile sector in a big way and entrepreneurs should make use of the benefits being offered by the state government as well as the special package given by the Centre in the budget to set up more units, said K Srikanth Prabhakar, Joint Director in the Office of the Commissioner of Handlooms and Textiles.
At the recent CII partnership summit at Vizag, 12 MoUs were signed by the state government with different companies for setting up 12 apparel units in the state, entailing investment of Rs 963 crores in all and generating 46,000 jobs. “These projects will come up in the next one to one-and-a-half years. Four of the units will come up in the Brandix apparel park here, five units in Anantapur district and the remaining in Chittoor district,” added Prabhakar.
The Indira Employee Provident Fund Corporation revealed details about the Pradhan Mantri Paridhan Rojgar Protsahan Yojana under which the Union Government shall bear the entire 12% contribution of the employer for new employees of the garment and apparel industry for the first three years, if the employees are earning less than Rs 15,000 a month.
Ramalinga Raju, General Manager of the Visakhapatnam district industries centre, said clearances would be given speedily under the single-window scheme and entrepreneurs should make use of the opportunity.
This story is from the February 2017 edition of Perfect Sourcing.
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This story is from the February 2017 edition of Perfect Sourcing.
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