Suggestions
To remedy the overall situation, the following suggestions
may be accepted.
- Clear-cut policies on raw materials, in the interest of
indigenous industries, should be planned, chalked out and discussed well
in advance. Prohibiting/banning the export of raw material is to be
invariably considered in detail and enforced.
- The government should concentrate on removing the
capacity constraints on infrastructure. All-out efforts must be made to encourage
vertical set-ups required for the industry.
- The export benefits and incentives for exporters must
be such as to enable them to compete with a lower price and are at least
at par with their counterparts in other countries.
- The government should Endeavour to end the burning problems of the processing units on a war footing.
- With regard to labour, an atmosphere may be created for
the employer to feel comfortable and secure in order to serve the nation
by running his industry smoothly and successfully.
- A friendly tax policy is
most essential. Besides, a lowering of effective tax rates, the government
officials may be asked to desist from raising unwanted litigations.
- The quota restrictions in china are going to be lifted
by 2008. By that time most of the buyers may prefer doing business with
china for obvious reasons rather than with India. It is time that
Tirupur/Indian exporters started equipping themselves to face the
challenges.
About the Author:
S. Venkatachalam is a student of MBA, ICFAI National College, Tirupur.
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