INDIAN KNITWEAR MANUFACTURERS HAVE HIGH HOPES FOR NEW GOVERNMENT
July 5th, 2014
INDIAN knitwear manufacturers are hoping for a major growth impetus because of industry-friendly policies being rolled out by the new Bharatiya Janata Party (BJP)-led government. “We are very optimistic about the new government,” Naval Saraf, proprietor of Super Knit Industries, a sock manufacturing company in Mumbai told Knitting International. Hoping for a strong dose of liberalisation, he added: “Labour reforms are in the mind of the new Prime Minister Narendra Modi.”As with any other Indian manufacturer the country’s archaic labour laws are a ...
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