INDIA’S KNITTING INDUSTRY STRUGGLES WITH LABOUR SHORTAGES
July 1st, 2011
BY RAGHAVENDRA VERMA
INDIA is known for its rich history of garment making traditions; however, its knitwear manufacturing centres have been facing serious labour shortages of late - leading to the underutilisation of capacity, spiralling costs and even relocation of some factories to more rural areas.
According to a June 27 report by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) profit margins are "shrinking" and companies are "not able to meet sales targets" for textiles and clothing. The report points out that the ...
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