Home / Knowledge / News / Apparel/Garments / Thai garment producers urge govt to hold back wage hike
Thai garment producers urge govt to hold back wage hike
25
Nov '11
The Thai Government has been urged to hold back the wage hike that is to come into affect soon, so as to ease the difficulties of the flood-hit garment producers in the country.

Garment entrepreneurs of the country are apprehending that new investments coming to the Thai garment industry are likely to get diverted to other Asean countries, as the recent floods have badly damaged their facilities and they are also likely to confront the issue of high labour costs next year owing to the decision of the Government to increase wages.

President of the Thai Garment Manufacturers Association (TGMA), Sukij Kongpiyacharn, said investments from the country would also get diverted to other Asean countries, which are comparatively less exposed to government policies. He added that the labour scarcity caused by floods may trouble the domestic industry in future.

Moreover, due to the impact of floods, the country's garment export growth is also likely to remain flat during the current year, he stated, and added that the hike in labour costs would especially trouble several small and medium sized firms that are affected by floods.

Meanwhile, 169 trade associations convened a meeting with the Commerce Ministry's Department of Export Promotion, Business Development Department and Intellectual Property Department and sought measures to help them overcome the effects of floods.

Most private industrialists at the meeting strongly voiced their concern that if the daily minimum wage is hiked to THB 300, it would impede the recovery and growth of the industries already ailing due to floods.

The private entrepreneurs opined that Government measures like extending fiscal support and soft loans would not prove sufficient to back rehabilitation of their industries, if they need to utilize the same to counter high cost of labour.

According to the Ministry reports, around 350,000 businesses in 31 provinces, which constitute 70 percent of the total enterprises in the country, have been hit by this year's floods.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search