Placement rate in textiles sector is 70%: Indian minister

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.