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Incubation Centers for Apparel Manufacturing

Incubation Centers for Apparel Manufacturing

The textile industry is India plays a major role as one of the largest contributor to Indian GDP, foreign exchange earning and employment generation. The size of the Indian apparel market is estimated to be USD45 Billion and is expected to grow to USD200 Billion by 2025. Further, the textile industry in India currently employes about 35 million workers and it is said that for every 1 lakh invested in the apparel industry, 7 additional jobs are created. Therefore, to strengthen the Indian Textile and Apparel Industry, the Government of India has introduced the concept of Incubation Centers for Apparel Manufacturing in the 12th plan period. In this article, we look at the scheme for Incubation Centers in Apparel Manufacturing in detail.

Objective of the Scheme

First generation entrepreneurs and startups in the apparel industry face a number of challenges such as lack of capital for investment in land, buildings and machinery, limited access to funding, competition from established players and operational inefficiencies due to lack of experience and expertise. Therefore, there must be a mechanism for the creation of a holistic ecosystem for promoting entrepreneurship in apparel manufacturing that would would address the above constraints and help Entrepreneurs setup successful apparel manufacturing businesses.

The scheme for incubation centers in apparel manufacturing addresses these difficulties by creating an integrated workspace and entrepreneurial ecosystem for startups in the apparel industry. This eco-system would increase the chance of success of startups and decrease the time and costs required to start a business. Successful apparel businesses incubated in these incubation centers would thus:

  • Promote entrepreneurship in apparel manufacturing
  • Create additional manufacturing capacity
  • Generate additional employment opportunities

Setting Up Incubation Centers for Apparel Manufacturing

The scheme aims to establish these incubation centers in textile parks, with each incubation center having a maximum of three incubatees.The incubation centers for apparel manufacturing can be setup by the following entities or institutions (Implementing Agency):

  • Groups of Entrepreneurs;
  • Industry Associations;
  • Developers of SEZs;
  • Textile Parks promoted by State Governments
  • State Industrial Development Corporations
  • SPVs promoted by the Ministry of Textiles

Incubation Centers for Apparel Manufacturing

Procedure of Demerger and Checklist For Demerger

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