Thursday, August 17, 2006

The Indian Textile Sector

The textile sector and labour reforms are a classic example of misguided populism. The Indian textile industry has a golden opportunity to catch up with China in the post quota regime and become a massive generator of export dollars as well as jobs in the country. Yet, the Left will simply not allow the labour policy reforms, desperately required to make the Indian textile sector more globally competitive. Pleads S. P Oswal, Chairman of the National Textiles Committee of CII, “In an industry like textiles, which is very much seasonal demand oriented, the government must give certain flexibility to labour laws, like what China and Bangladesh have. I am not talking about hire and fire, but there should be freedom to work.”

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Source:- IIPM-
Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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