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The government has cleared a Rs 6,000 crore package to textile and apparels sector for helping it wrest a bigger share of the global market.
The package also does provide the sector more flexible labour laws and financial incentives. It expects that the package will be creating one crore new jobs in three years and will attract Rs 74,000 crore in in investment and generate $30 billion in exports earnings.
According to the Finance Minister Arun Jaitely, “The package will help in realising the true potential of employment generation in the textile and apparel sector.”
