Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Government gives fresh incentives to Made-ups sector

The made-up sector in India will get production incentives and subsidies similar to what the garment sector gets. Made-ups include products like towels, bed sheets, blankets, curtains, crochet laces, pillow covers, towels, zari, embroidery articles and this is the second largest employer in the textile sector after apparel.

The permissible overtime has been increased up to 100 hours per quarter in the made-up manufacturing sector. Employees’ contribution to EPF has been made optional for employees earning less than Rs 15,000 per month. These incentives are part of the Rs 6,006 crores package announced for the apparel sector in June and are expected to help India in creating huge employment, earning foreign exchange and creating traction for the fabric and yarn sectors.

An additional 3.67 per cent share of employer’s contribution in addition to the 8.33 per cent covered under the Pradhan Mantri Rozgar Protsahan Yojana will be given for all new employees enrolling in EPFO for the first three years of employment as a special incentive to the made-up sector. Since the maximum sourcing done by the made-up sector is from domestic industry, it will also help in the Make in India plan. The capital investment subsidy rate for made-ups has been increased to 25 per cent with value cap revised to Rs 50 crores.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo