With rupee appreciation adversely affecting apparel export, the second largest employment generator, the textile sector, which employs 25 million workers, has started cutting back on jobs and laying off workers to contain costs. "The total job loss for the textile industry for this year touched 500,000 and about 35,000 jobs have been lost in April alone due to an 18.25 per cent decline in exports because of sharp appreciation in rupee," says P D Patodia, Chairman, Confederation of Indian Textile Industry.
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