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Tamil Nadu
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Chennai
50 lakh new jobs in textile industry: CII
Special Correspondent
CHENNAI:
A Confederation of Indian Industry (CII) study has projected creation of 50 lakh new jobs in the Indian textile industry during the next 10 years.
A CII release said textiles had emerged as a high-growth sector, recording 12-13 per cent growth. "It is all set to become a $ 40-50 billion industry by 2015, with a potential to create 50 lakh new jobs," it said.
According to the study — Mapping of Human Resource Skills in Tamil Nadu 2015 — the textile industry is highly influenced by Government policy support, globalisation, impact of the World Trade Organisation, development in retailing and technology and supply chain integration.
"Tamil Nadu is well positioned to capitalise on the post-WTO scenario since it has an established textile industry base, and home to more than 40 per cent of the large and medium-sized spinning mills in the country. " it said.
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