The textiles sector and construction MSMEs is set to witness a substantial increase in employment following the 2014 budget. Though, it already offers numerous opportunities to the country’s skilled and semi-skilled workforce.
With the budget 2014 allocating Rs.330 crore for textile sector, which includes enhancements to the Technology Upgradation Funds Scheme (TUFS) and plans to set up six new mega-clusters across the country.
The future indicates similarly well for the infrastructure industry, with the Rs 52,300 crore boost for infrastructure investments for ports as well as state and national highways.
CRISIL has analysed the employee strengths of about 700 textile and civil construction MSMEs (each) that it rated in 2013-14 (financial year April 1 to March 31).
This assessment of employment potential indicated that textile enterprises operate with an average of 86 employees per unit, whereas civil construction units work with a greater strength of 141 employees per unit.
However, contractual labour forms a greater portion of the construction workforce, at 68 per cent of overall employee strength.
Hologenix, a leader in infrared technology fabrics, has partnered with Austria’s renowned bedding brand HEFEL to launch the Wellness Retreat…
Sicomin, a leader in bio-based epoxy systems, has partnered with MADskis, a Swiss brand known for its handcrafted, sustainable ski…
Athleisure brand CAVA has launched ADPTTM, their first innovative fabric and technology combination designed to provide all-day comfort and ease…
The Office of the United States Trade Representative has released a series of policy papers aimed at strengthening the resilience…
Combining advanced technology, wellness science, and denim craftsmanship, Soorty has launched its latest fabric, Collagen Denim at Kingpins Amsterdam last…
Bonjour has introduced eco-friendly bamboo socks made from sustainable bamboo fabric which offer excellent breathability and natural odour resistance.