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Apparel and Leather industry key to generation of formal and productive jobs: Economic Survey 2016-17 Economic Survey recommends reforms in labour and tax policies to make the Apparel and Leather sector globally competitive

Budget - Dated:- 31-1-2017 - Press Information Bureau Government of India Ministry of Finance 31-January-2017 12:56 IST Apparel and Leather & Footwear sectors are eminently suitable for generating jobs that are formal and productive, providing ba .....

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ors provide immense opportunities for creation of jobs for the weaker sections, especially for women, and can become vehicles for broader social transformation in the country. The Survey highlights the opportunity for India in this sector in global c .....

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veness due to lower wage costs in most Indian states, it adds. The Survey also lists a number of challenges faced by these sectors. It says that the space vacated by China is fast being taken over by Bangladesh and Vietnam in case of apparels and Vie .....

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ironment compared to competitor countries. On logistics, the Survey says that costs and time involved in getting goods from factory to destinations are greater in India than those for other countries. On labour costs, India s source of comparative ad .....

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sposable salary, lack of flexibility in part-time work and high minimum wages in some cases. According to the Survey, in both apparel and footwear sectors, tax and tariff policies create distortions that impede India gaining export competitiveness. I .....

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her footwear. The global demand for apparel is moving from cotton fibre products to manmade fibre and similarly footwear of non leather, it adds. India s competitors enjoy better market access by way of zero or at least lower tariffs in the two major .....

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le leather exports is low and declining due to limited availability of cattle for slaughter in India. The Survey suggests several measures to make these sectors globally competitive and unlock its potential for creating new jobs and generating growth .....

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