Home / Knowledge / News / Apparel/Garments / Experts warn of massive lay-offs if GSP not renewed
Experts warn of massive lay-offs if GSP not renewed
14
Nov '08
Experts have criticized the decision of the government to back track on the decision to obtain GSP+ status from the European Union. The GSP+ status among other requirements is subject to human rights compliances which will be assessed by UN human rights ambassadors and members of the European Union.

The government in a recent move had decided not to bow to the diktats of the visiting ambassadors and in the process lose the GSP status which is up for renewal in January next year.

Experts have warned that with the current global recessionary trends, losing the GSP status would bring a lot of harm to the economy and exports of apparel in particular. They have advised the government to go ahead with the visit of the ambassadors as per the recent ruling of the highest judicial court which had advised the government to give legal validity to these conventions.

The experts predict a massive closure of apparel manufacturing units leading to mass lay-offs and have said that this move on the part of the government would put the women working in garment units at a big disadvantage as they would be the first to feel the heat of a drop in garment exports.

They have predicted losing a minimum of 100,000 jobs in the clothing sector alone, not to speak of other sectors like tea and rubber if the GSP status is not renewed.


Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Suresh Patel
Sidwin Fabric

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

Paolo Ocleppo
Sandvik Hyperion

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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