Home / Knowledge / News / Apparel/Garments / Prime Minister announces sops to help garment industry
Prime Minister announces sops to help garment industry
24
Nov '08
On the back of rising closures and lay-offs in the once vibrant garment industry, the Prime Minister, Mr Sen announced a 10 percent cut in export fees and also appealed to workers to call off their strikes to tackle the crisis which was snowballing out of control. This cut he said was to reduce the pressure on the garment exporters arising from the meltdown.

This announcement from the Prime Minister came due to a request made by the President of Garment Manufacturers Association of Cambodia, Mr Leng at the 14th Government-Private sector forum. The association had in fact demanded a 30 percent cut.

Mr. Sen appealed to the labour unions to call off all the strikes as this was not the right time to strike but to ensure that their kitchen hearths were kept warm and helped companies tackle the crisis and cautioned them by saying that these strikes would lead to a loss of orders and result in possible closure of units they were working at.

The Chairman of the forums Industrial Relation's Sub-Committee, Mr Sothy said that till date in the current year there have been 95 instances of strikes, a rise of 48 percent compared to the same period of the previous year.

Unemployment in the garment industry is rising due to frequent strikes and the recessionary trends prevailing in the main global markets due to which new orders have been reduced to a trickle.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Steve Cole
Xerium Technologies

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search