Related Keywords: AEPC, an apparel industry body, Apparel Export Promotion Council, capital intensive industry, capital subsidy, during the current fiscal, duty on exports still a worry, enhance duty drawback, expecting around Rupee five thousand crore fresh investments, flow into textile and garment sector, highly labour intensive, textile booster package
Apparel Export Promotion Council (AEPC), an apparel industry body is expecting around Rs 5,000 crore fresh investments to flow into the sector during the current fiscal which may create as many as two million jobs with textile booster package of Rs6,000 crore announced by the government.
AEPC chairman Ashok G Rajani said 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 as government announcement of textile package comes as a game changer.
