India's textiles sector needs 17 mn additional workforce by 2022: Govt

The country's textiles sector, which currently employs over 45 million people, will require 17 million additional workforce by 2022, the government said Thursday.

India's textiles sector needs 17 mn additional workforce by 2022: Govt
The country's textiles sector, which currently employs over 45 million people, will require 17 million additional workforce by 2022. Image source: Reuters
Written By: PTI
Updated: Thu, Dec 20, 2018
09:41 pm
PTI
RELATED NEWS
Monte Carlo is likely to grow by 40% in 2021 on the base of this year: Sandeep Jain, ED, Monte Carlo Monte Carlo is likely to grow by 40% in 2021 on the base of this year: Sandeep Jain, ED, Monte Carlo
Exclusive: In chat with Anil Singhvi, GHCL MD Ravi S Jalan talks about business outlook, company demerger plans Exclusive: In chat with Anil Singhvi, GHCL MD Ravi S Jalan talks about business outlook, company demerger plans
Aatmanirbhar Bharat: Big relief for textile sector likely soon, reveal sources Aatmanirbhar Bharat: Big relief for textile sector likely soon, reveal sources

The country's textiles sector, which currently employs over 45 million people, will require 17 million additional workforce by 2022, the government said Thursday.

The textiles ministry said in the last four years, 8.58 lakh persons have been trained in partnership with 58 government and industry partners to meet the sector's need for a skilled workforce.

The ministry said its strategy to boost exports involves diversification of markets, positioning India in value chain and promoting collaborative exports.

Towards diversification of textiles exports, 12 markets in Vietnam, Indonesia, South Korea, Australia, Egypt, Turkey, Saudi Arabia, Russia, Brazil, Chile, Columbia and Peru have been identified.

The ministry said it also plans to pursue strategic engagement with Bangladesh and Sri Lanka on the Fabric-Forward Policy.

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.