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FDI likely to bring more jobs in apparel industry: Sharma

08 Nov 2012 Evaluate

With the recent policy initiatives in FDI in multi brand retail, Union Minister for Commerce, Industry and Textiles, Anand Sharma has affirmed that the arrival of brands like Zara, Louis Vuitton, Gucci, Jimmy Choo might bring more flavours to the Indian apparel market, which would provide plenty of job opportunities for the young designers along with the better choice of products.

While speaking in the Convocation of the National Institute of Fashion Technology (NIFT) at Rae Bareli, he urged the young designers to enrich the traditional Indian textiles, while working in close contact with the traditional artisans. He also pointed that the indigenous carpet designs are likely to reach global markets soon with the foreign intervention.

According to reports, the Swedish furniture maker IKEA has partnered with India's Handicrafts Department for design development and capacity building of Indian handicraftsmen and carpet weavers. With this initiative, nearly 200 exporters would be trained to ensure that they follow the international best practices related to labour laws that prohibit child labour. IKEA has promised to invest about 1.5 billion euro (Rs 10,500 crore) in India to set up 25 stores.

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