Industry & Economy
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Textiles
Textile sector seeks flexible labour laws
Our Bureau
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`If the Government can assure the textile industry on labour issues, cos would plan more investments.'
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Hyderabad
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Nov. 24
THE textiles and garments industry has said that the country's labour laws were the biggest bottleneck to its development.
Speakers at the CII conference on textiles here on Thursday felt that the Government should make the laws flexible.
"It can't support high wages," Mr Manikam Ramaswami, Chairman of Textiles Sub-Committee (Southern Region) and Chairman and Managing Director of Loyal Textiles Mills Ltd, said.
If the Government can assure the textiles and garments industry on labour issues, companies would plan more investments.
"We get huge orders for eight to ten months in a year. The winter season is lean. We can't sustain the labour all 12 months," Mr Sudhir Dhingra, Chairman and Managing Director of Orient Craft, said.
"We offer them (the labour) employment for well over 150 days in a year. It is better than no employment," he said.
Mr T.S. Bhattacharya, Managing Director and Group Executive (Corporate Banking) of State Bank of India, asked the textiles and garments industry to look beyond the cotton segment. "There are other aspects to it. Indian companies should look at acquisitions in countries like Indonesia where labour laws are relatively favourable," he said.
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