Financial Daily from THE HINDU group of publications
Friday, Apr 21, 2006

Cross Currency

Group Sites

Home Page - Labour Reforms
Industry & Economy - Textiles

`Labour reforms vital for textile industry'

Our Bureau

Mumbai , April 20.

Labour reforms are the need of the hour for the Indian textile industry, and keeping this goal in mind the reform measures would be decided upon by the end of this year, said the Union Textile Minister, Mr Shanker Sinh Vaghela. He was addressing the inaugural session of the fourth International Textile and Apparel Congress (ITAC) here on Thursday.

Mr Vaghela said measures such as increasing the minimum working hours in exclusive textile zones to 60 hours a week from the current 48 hours and changing contract labour laws were being contemplated. The Ministry would recommend liberalisation of labour laws for Special Economic Zones and textile parks.

Indian textile industry has developed to such an extent that it is capable of fulfilling the textile requirements of the globe, he said.

Mr Vaghela called upon foreign textile companies to invest in India, given that the country offered a skilled labour force, good infrastructure and raw materials, leading to maximum profits.

The Miroglio Group, which is one of the top 10 Italian textile companies and having a turnover of 950 million euro, has included India in its expansion plans. Mr Giuseppe Miroglio, President, Miroglio Group, said the group was considering entry into Indian markets in the coming two years.

Miroglio Group's China business is worth 20 million.

More Stories on : Labour Reforms | Textiles

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`Negative issues' don't govern this TN election

Infy to buy Citi stake in Progeon
Agri-commodities attracting investors
MFs bigger buyers, not FIIs
Mutual funds also participate in Sensex rise
Reliance Petro issue subscribed by over 47 times
Chevron is Reliance Petro co-promoter
Govt proposes licence fee on courier companies
Zensar Tech net doubles to Rs 34 cr
TCS to hold 64% stake in Chinese JV
Investors giving the go-by to Lyons Range
12,000: In double quick time
`Labour reforms vital for textile industry'

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line