28 March 2022, Mumbai:
The budget on Saturday had some good news for Gandhi Nagar in east Delhi.
It has a reputation for being among Asia’s biggest wholesale markets for readymade garments with a daily turnover of around Rs 100 crore. But it is also a poorly organised area with narrow congested lanes and a tottering infrastructure.
Delhi government proposes to redevelop this market into what it called a ‘grand garment hub”.
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The Gandhi Nagar market in east Delhi, which is the largest wholesale garments market, will be rebranded as ‘Grand Garment Hub’ in the field of readymade garments textile, Sisodia said.
A readymade garments market, Gandhi Nagar has a daily turnover of more than ₹100 crores and it generates 100,000 direct and nearly 200,000 indirect employment opportunities.
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“The market requires legal recognition, infrastructure redevelopment, construction of new service centres and re-branding, marketing and re-positioning.
This project is expected to create more than 40,000 new employment opportunities in the next five years,” Sisodia said.
A day after Deputy Chief Minister Manish Sisodia announced the development of the textile market in Gandhi Nagar as a "grand garment hub", traders at the Gandhi Nagar textile market said that the decision will generate more revenue and thousands of jobs in the city.
K K Balli, president of the Association of Wholesale Readymade Garment Dealers (Gandhi Nagar), said retailers and shopkeepers have been demanding the restructuring of the market for quite a long time as several structural flaws have prevented the growth of their businesses.
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CREDITS: TOI The Pioneer The Print HT (The news article has not been edited by DFU Publications staff).
