Plans are on anvil to develop an apparel cluster on the Yamuna Expressway in Noida entailing an investment of Rs 300 crore, which is expected to generate lakhs of jobs.
"We had recently approached UP Chief Minister Akhilesh Yadav for land for developing a cluster in Noida on the Yamuna Expressway. More than 100 factories will be set up in the land cluster spanning 200 acres.
"Every factory is expected to employ around 5,000-6,000 workers, more than half of which are likely to be women. We expect the land to be allotted within 2 months. The overall investment will be around Rs 300 crore," Apparel Export Promotion Council (AEPC) Member Lalit Thukral told PTI.
Besides, on the performance of apparel exports, AEPC Chairman Virender Uppal said: "Apparel exports have registered a growth of 7 per cent to the tune of USD 3 billion as compared to the same period of last year.
"As the incentive in the FTP 2015-2019 has been withdrawn, it has a dampening effect on the overall trade".
In the FTP 2015-19 announcements, garment export sector got 2 per cent reward only on 239 HS lines out of 398 lines.
The service sector got 5 per cent scrip under Service Sector India Scheme.
On the apparel exports target of USD 18.7 billion fixed by the Ministry of Textiles, for 2015-16 , which is 11 per cent higher than the last years actual achievement, Uppal said: "Achieving the target of USD 18.7 billion in 2015-16, would be very ambitious task and difficult to achieve, unless, the recommendations of the AEPC are accepted and implemented in the year 2015-16".
