INDIAN TEXTILE INDUSTRY STRUGGLES TO SURVIVE RUPEE HIKE WITH LABOUR LIBERALISATION PLANS
October 1st, 2007
BY RAGHAVENDRA VERMA, in New Delhi
THE BELEAGUERED garment export industry of India is trying every possible move to ward off the crisis caused by the sharp appreciation of the Indian Rupee - 12% since January. This has included proposed changes to the country's labour laws that currently make the sacking of factory employees almost impossible.
As a result, the central government's ministry of textiles has proposed amendments in the Industrial Disputes Act, 1947, that would have eased the restrictions exclusively for the textile exporting units providing a ...
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