Here is what I mean
To create just ONE new job ,
Ø Steel industry requires Rs 10 lakhs of funds
Ø Apparel
industry requires a mere Rs 4,166 !
That means :
For Rs 10 lakh , you can create 250 jobs in Apparel
industry
But then, if you need steel for building
infrastructure, you have got to invest whatever funds are needed
And just because it takes less money to create jobs in Apparel industry, you cannot produce
billions of garments and wear 3 shirts at a time !
This comparison is based on Economic Survey 2016-17 ,
as reported in :
For easier understanding, from this source, I
have prepared following comparative tabulation :
=======================================================
|
Srl No
|
Industry Sector
|
No of Jobs created per Rs 1
lakh investment
|
Investment needed to create
ONE job ( Rs )
|
|
1
|
Apparel
|
24.0
|
4,166
|
|
2
|
Leather & Footwear
|
7.1
|
14,084
|
|
3
|
Food Processig
|
2.4
|
41,666
|
|
4
|
Auto
|
0.3
|
3.3 Lakh
|
|
5
|
Steel
|
0.1
|
10 Lakh
|
Significance of Apparel Industry goes beyond its low capital
requirement for creating new jobs
To grasp its real importance, read following :
India's textile and apparel exports are expected
to touch $ 300 billion by 2024-25, resulting in TRIPLING of the country’s MARKET SHARE globally from 5 % to 15 %
The domestic textile and apparel industry (
including handicrafts ), stood at $ 140 billion in 2018, of which $ 100 billion
was domestically consumed and balance exported
The textile and garments industry in India is
expected to reach $ 223 billion by 2021
The textiles and apparel industry contributes
2.3 per cent to India’s GDP and accounts for 13 % of industrial production and 12 % of country’s export earnings
It is the second largest employer of the
country providing employment to 45 million
people at present and this number is expected to rise to 55 million people by end of 2020
India is the largest
producer of cotton and jute in the world and the
second largest producer of polyester silk and fibre
===============================================
But then , no matter how low the investment required to create
ONE JOB , in a few sectors ( of the organized sector ) , there is no way India
can provide gainful employment to 12 million youth entering our work-force,
each year
Only answer ( to this problem ) is “ Small establishments “ , each
of which gets started by an entrepreneur / owner and then, within a few years ,
provides jobs to 3 / 5 others
To know how this works out, read :
How
much Capital to create One job ? [ 22 June 2017 ]
Madam Smriti Iraniji,
I have hope that under your leadership , this TEXTILE DREAM will
get realized
===============================================
14 Jan 2020
hcp@RcruitGuru.com
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