In Noida adjacent to Delhi, workers demonstrated outside the Hosiery Complex of Phase-2 demanding increase in salary. Initially the protest was peaceful but on Monday, April 13, the protest turned violent, after which the police had to resort to lathi charge to control it. Due to this, hosiery to electronic manufacturing sectors of this area were directly affected. Amidst this demonstration, the discussion about Hosiery of Noida started again. About 500 companies operate in the Hosiery Complex of Phase-2, out of which many companies are involved in hosiery garments. Let us tell you in this news how much is the garment business in Noida?
Due to the violent protest of the workers on Monday, not only the hosiery market of Noida was affected but the electronics manufacturing sector also came under its influence. Manufacturing activity was also disrupted, in the area where workers protested, companies like Dixon Technologies, Optimus Electronics, Lava International, Oppo, Vivo and Samsung run large manufacturing facilities, which make smartphones and many types of consumer electronics. Executives of electronics manufacturing companies told Moneycontrol that good labor availability in Noida has been an important factor in attracting large-scale investment.
hosiery business
For the last few years, Noida’s hosiery and garment sector is rapidly emerging as the country’s largest export hub. Here clothes are produced on a large scale in thousands of units every day, which directly reach the global markets. According to Noida Apparel Export Cluster (NAEC), garments worth about Rs 55,000 crore are exported from Noida every year.
The industry is working to increase exports by 30 percent. The industry aims to increase it to Rs 75,000 crore by the year 2030. At the same time, according to industry association and media reports, more than 800 exporters and more than 4000 manufacturing units related to this sector are working in Noida and Greater Noida.
employment in garment sector
This sector is also very important from employment point of view. According to industry data, more than 6 lakh people are directly employed in the hosiery and garment industry here. A large number of these are workers who have come from different parts of the country and are working here. Talking about share in exports, as per industry estimates, Noida alone contributes about 15-20% to India’s total garment exports. This is the reason why the role of this cluster in the global supply chain is continuously becoming stronger. Further expansion plans are also going to give new momentum to this sector. According to textile industry reports, there is a possibility of investment of more than Rs 8,000 crore in the proposed textile park in Noida, which can also create lakhs of new jobs in the coming time.
Also read- There will be no power cuts in summer! India has 90 days worth of black gold, government assures