Presentation on Special Package for Employment Generation & Promotion of Exports & AEPC s Roadmap for Apparel Sector
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1 Presentation on Special Package for Employment Generation & Promotion of Exports & AEPC s Roadmap for Apparel Sector Presentation by Ashok G Rajani, Chairman
2 AEPC thanks Textile Minister, Shri Santosh Kumar Gangwar, MoS, Smt.Rashmi Verma, IAS, Secretary(Textiles) and Smt. Sunaina Tomar, IAS, Joint Secretary (Exports), for facilitating a Special package for Employment Generation and Promotion of Exports in Textile and Apparel Sector.
3 Need for the Package Urgent need for job creation on one hand and huge potential for employment in apparel sector on the other. India's continued cost disadvantage vis-à-vis Bangladesh and Vietnam in EU and US market, of up to 20%, due to preferential tariff enjoyed by these countries as also flexible labor policies. Increased compliance burden due to labor policies. World Garment Trade declined by 3% to US$ 458 billion competition in the market is intensifying. Depression in India's largest export destination. There was a decline of 6.8% in EU's demand for apparel. Brexit Uncertainty and volatility in the market due to BREXIT will require intensifying market diversification strategy
4 Garment Sector Potential Highest employment potential, specially for women Every 1 crore rupees of investment Generates 70 jobs diretly, and more indirectly. Higher employment elasticity - as compared to 10 persons in steel & 25 persons in automobile sector Presence of the entire value chain in India -from fibre to apparel manufacturing China ceding space due to focus on high technology sectors; and rising wage costs
5 Package Details Tax and Production Incentives
6 Decision Enhancing scope of Section 80JJAA of Income Tax Act Current Provision: Under Section 80JJAA (Sub Section (1), deduction is allowed for the amount equal to 30% of additional wages paid to new regular workmen (no casual/contract labor) where minimum 50 (Finance Bill 2015) workers are employed by the asessee during the previous year, subject to employment of not less than 240 days during the previous year. Proposed Provision: Reduction in number of working days from 240 to 150 under section 80JJAA of Income Tax Act. Impact: The proposal, would enable small and medium enterprises to take advantage, since so far these units are not able to take advantage due to nature of employment. i.e. seasonal nature of the industry.
7 Decision Additional incentives under ATUFS Current Provision: Apparel, Garment and Technical Textiles, where 15 percent subsidy would be provided on capital investment, subject to a ceiling of 30 crore rupees for entrepreneurs over a period of five years. Proposed Provision The package breaks new ground in moving from input to outcome based incentives by increasing subsidy under Amended-TUFS from 15% to 25% for the garment sector as a boost to employment generation. Impact Additional production and employment generated after a period of 3 years.
8 Decision Employee Provident Fund Scheme Reforms Govt. of India shall bear the entire 12% of the employers contribution of the Employers Provident Fund Scheme for new employees of garment industry for first 3 years who are earning less than Rs. 15,000 per month. At present, 8.33% of employer s contribution is already being provided by Government under Pradhan Mantri Rozgar Protsahan Yojana (PMRPY). Ministry of Textiles shall provide additional 3.67% of the employer s contribution amounting to Rs. 1,170 crores over next 3 years. EPF shall be made optional for employees earning less than Rs. 15,000 per month This shall leave more money in the hands of the workers and also promote employment in the formal sector.
9 Impact Envisaged in Three Years Increase in exports by 2.6 billion US$ Increase in employment by lakhs Increase in investment by 7 billion US$
10 Package Details Labor Reforms
11 Decision Increasing overtime caps Current Provision: As per Factories Act, 1948, Section 64, there is a cap of 50 hours a quarter Proposed Provision: Overtime hours for workers not to exceed 8 hours per week in line with ILO norms. Proposed Provision: This shall lead to increased earnings for the workers
12 Decision Introduction of fixed term employment Looking to the seasonal nature of the industry, fixed term employment shall be introduced for the garment sector A fixed term workman will be considered at par with permanent workman in terms of working hours, wages, allowanced and other statutory dues.
13 Decision Making employees contribution to EPF optional for employees earning less than Rs. 15,000 per month Additional take home wages to employees; option of choice
14 Impact Envisaged in three years Increase in exports by 1.4 billion US$ Increase in employment by 1.75 lakhs Increase in investment by 4.2 billion US$
15 Package Details Additional Incentives under Duty Drawbacks for Garments
16 Decision Enhanced duty drawback coverage In a first of its kind move, a new scheme will be introduced to refund the state levies which were not refunded so far. This move is expected to cost the exchequer Rs crores but will greatly boost the competitiveness of Indian exports in foreign markets. Drawback at All Industries Rate to be given for domestic duty paid inputs even when fabrics are imported under Advance Authorization Scheme Impact Envisaged in Three years Increase in exports by 9.5 billion US$ Increase in employment by 9.5 lakhs Increase in investment by 2.7 billion US$
17 Summary 3 year Impact Segment / Intervention Measures to Enhance Competitiveness of the Apparel Industry 80JJAA Amendments Additional TUFS for garmenting Additional 3.67% EPF contribution Annual outgo Additional Investment (US$ bn.) Total Employment Direct & Indirect (Lakhs) NIL NIL Rs crores Additional 5% duty drawback for garments Rs. 5,500 crores Labour law reforms NIL Direct employment :upstream (yarn, fabric & processing) Indirect employment* (1:1.3) Total Rs. 6,000 crores Additional Exports (US$ bn.)
18 Garment Export Performance
19 Garment Export Performance Snapshot ( ) India's Exports Exports in USD Mn. Share in % % Change % Change All Commodity T&C Clothing Source: DGCI&S, Kolkata, 2016 US$ bn in , Dollar term growth of 0.8%. Unit value realization marginally increased from USD 4.679/pc to US$ 4.683/pc, a 0.9% growth.
20 Garment Export Performance April-May, India's RMG Export to World FY FY MoM Growth of over Month (%) In INR Crore In US$ In US$ In INR Crore Million Million INR US$ April May April-May Source: DGCI&S, Kolkata, 2016 US$ mn. in April-May, , Dollar term decrease of 6.7%. Rs cr. in April-May, Rupee term decrease of 1.6%.
21 India's Position in Global RMG Industry
22 India has a huge opportunity with China vacating Data for 2015 Global RMG Exporters, Country wise (Only Top 10 Competitors) Exports in US$ Bn. Share in % Exporters % Change / World China Bangladesh Viet Nam Italy Rank in 2015 % Change 2015/14 Hong Kong, China India* Germany Turkey Spain France Source: UN Comtrade, 2016 calendar year * India s exports in
23 Roadmap Ahead
24 Strategy 1- Strategy for HS Code wise promotion of Garment Under the garment Product Development & Export Promotion, the Council has identified Focus products as follows:- To focus on world top 20 garment products To focus from Top 20 garment products from India To focus on products which are offloaded by China in 2015 Focus Eighteen Products are:- To focus on world Top 20 garment products and to improve export performance of following products:- S No. HS Code Description Men s/boy s shirts, of cotton, not knitted Women s/girl s dresses, of synthetic fibres, not knitted Women s/girl s blouses and shirts, of manmade fibers, not knitted Men s/boy s shirts, of cotton, knitted Babies garments, cotton, knitted Women s/girl s blouses and shirts, of cotton, not knitted
25 Strategy 1- Strategy for HS Code wise promotion of Garment To focus from top 20 garment products from India S. No. HS Code Description Dresses of Cotton * Men s & Boy s shirts of MMF Night dress & Pyjama of Cotton * Underpants & briefs of Cotton * Babies garments of Cotton * Products already offloaded by China in 2015 over To focus on products which are offloaded by China in 2015 S. No. HS Code Description Women/girls skirts, of cotton, knitted Women/girls jackets, of cotton, knitted Women/girls jackets, of synthetic fibres, knitted Women/girls garments nes,of impregnatd,ctd,cov,etc,textile woven fab Men/boys jackets and blazers, of synthetic fibres, knitted Men/boys garments nes,made up of impreg,ctd,cov,etc,textile woven fab Women/girls trousers and shorts, of cotton, knitted
26 Strategy 2- To accelerate export growth rate in preferential market & market diversification Recognizing uncertainty in the two major markets, aggressively exploring alternatives like China, Mid East and Africa Workshop on utilizing better market access of RMG where India has signed Trade Agreements like India-Japan CEPA, India - Malaysia CECA, India - South Korea CEPA, India ASEAN FTA, India - Singapore CECA, India-Chile PTA etc. Seminar on potential for Doing Business in Latin America, Africa & Russia
27 Strategy 3- Facilitate input availability for enhancing competitiveness and speed to delivery Machinery - AEPC will be holding meeting with leading machinery manufactures to discuss ways to enhance machinery stock in India as also partner for creating awareness on new machinery and technologies Fabric - Enhance availability of grey fabric stock for faster conversion, as per orders Accessory - Ease availability of imported fabrics and accessories through bonded warehouse & option to purchase across the counter, without LC requirement Workmen Propose State govts. to facilitate plug and-play factories in labor catchment areas. ATDCs can be set up around the area for skilled workforce.
28 Strategy 4- Roadmap for Publicity Plan & Review 1: Awareness to exporters - Press Conference & Awareness Workshops, Print Advertisement & Website updates, magazine Mobilizing Pledge from garment exporters for planned commitments on investment and job creation Awareness seminars, to be organized in major clusters like Tirupur, Chennai, Bangalore, Mumbai, Jaipur, Ludhiana, Kolkata, Gurgaon 2. Awareness to Buyers and Buying agents - AEPC to create platforms for dialogues with leading buyers and brands and details the benefits of sourcing from India under the changed policy framework 3: Helpdesk on AEPC Website - To create an Investor Group among interested exporters for giving them dedicated assistance under ATUFS, in close cooperation with Textile Commissioner. 4: Interactive Tool - Creating feedback icon on the website for receiving exporters queries on various announcements in the package and obtaining clarifications from the respective Govt. departments and answering the queries 5 Active monitoring by EC AEPC - To review and monitor updates received by AEPC on the new workmen engaged by the industry on periodic basis 6 Special Awards - To create award under Export Award for the Highest Employment Generator of the new workmen and Highest investment by using the ATUFS
29 Thank You
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