The Apparel Export Promotion Council (AEPC) in collaboration with 3M, Association of National Institute of Fashion Technology (NIFT) Alumni has set up a new incubation facility. This facility will be a stage for start-ups to connect with investors and mentors and help them achieve production efficiencies.
A release from the council noted that the centre would serve as a launch pad for start ups such as Micro, Small and Medium Enterprises (MSMEs). The facility besides training and mentoring, it will also provide information to the industry with regard to creation of new knowledge, fashion trends, marketing techniques and management.
Ashok Rajani, Chairman of AEPC disclosed that textile and clothing sector contributes over 5 per cent to country’s GDP. It is important to handhold the units to stand and face international market and competition, with the facility in place, AEPC is expected to achieve the same.