Make in India ‘Textile & Apparel Sector’ – Achievement Report of Department of Industrial Policy and Promotion (DIPP) and Ministry of Textiles (MoT), Government of India by KMPG states that FDI equity inflow in the Indian textile and apparel sector surged 16 per cent in FY 2015-16 over FY 2013-14. Major investments (by foreign collaborators and Indian companies) in the sector during April 2014 to March 2016 are also mentioned in the report which include investment worth US $ 51.94 million in Fashion India Private Limited by E-Land Asia Holdings Pte Limited; US $ 37.58 million in Procter & Gamble Home Products Ltd. by Procter & Gamble Home Products Ltd.
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The report also underlines that share of textile and apparel in total exports increased to 15 per cent in FY 2015-16 from 13 per cent in 2013-14. Growth was majorly seen in export of readymade garments, wool & woollen textiles, silk, carpets, coir and coir products, and handicrafts. Textile and apparel exports are estimated to reach US $ 62 billion by 2021 from the current US $ 38 billion in 2016, as per the report.
Talking about the Integrated Skill Development Scheme (ISDS), it says that from 2014-15 to 2016-17 (till September) the Ministry has trained a total of 5,36,683 youth; out of them 3,93,363 (73 per cent) have been successfully placed. On the other hand under Prime Minister Kuashal Vikas Yojana, Apparel Made-Ups and Home Furnishing SSC (AMHSSC) trained 79,245 people in 2015-16 but placed only 5,116 (6.45 per cent), while Textile & Handloom Sector Skill Council trained 29,212 people, out of which 20,665 (70.74 per cent) were placed.
