Home / Knowledge / News / Apparel/Garments / GEA requests new Govt to introduce flexible labour norms
GEA requests new Govt to introduce flexible labour norms
26
May '09
Mr.Surinder Anand (Executive Secretary)
Mr.Surinder Anand (Executive Secretary)
Mr Surinder Anand, Executive Secretary, Garments Exporters Association has expressed happiness on the general election results as it would be continuation of liberal economic and commercial policies of the UPA Government. While congratulating and complimenting Dr. Manmohan Singh, GEA hoped that necessary fiscal and commercial relief will be granted to the textile industry in general and garment export sector in particular to help the exporter to overcome the present crisis being faced by them because of worldwide recession resulting in slowing down of export orders from overseas markets.

The election results are in favour of continuation of economic reforms and inclusive economic growth to provide the benefits to all sections of the society. This just indicates the good governance of a performing outgoing Government and the earnest desire of the electorate to bring them back to continue their good work with least amount of interference from fence sitters. The Government should give top priority to the textile industry as it provides large employment to rural poor and weaker sections of the society particularly women.

According to the RBI report “India has been impacted by the deep global crisis, much more than was expected earlier. The GDP growth has moderated reflecting lower industrial production, negative exports, deceleration in services activities, dented corporate margins and diminished business confidence”.

The global economic slowdown has increased the international competition and reduced the overseas orders and exports. The Indian Economy is passing through a critical phase of uncertainty, transition and restructuring. It continued to be under severe strain because of demand recession and declining trend in industrial production and exports.

The very poor performance of exports during the years 2007-08 and 2008-09 and uncertainty about the future performance reveals a very gloomy picture. The Garments Exporters are going through a serious crisis which is threatening their very existence. Exporters have been weighed down by serious financial burdens resulting directly from the fiscal measures of the Government.

The increasing input cost, tight credit policy and high interest rate, severe liquidity crunch, rigid and outdated labour laws, poor infrastructure, high transaction cost, high power cost and frequent power cuts and increasing cost of wages are some of the difficulties being faced by exporters which should be mitigated to the extent possible and a long term solution should be finalized for the efficient functioning of exporters.

GEA wishes to offer following suggestions to the new UPA Government while finalizing Budget proposals, Foreign Trade Policy and the RBI Credit Policy.

ISSUES RELATING TO MINISTRY OF FINANCE
1. To hike duty drawback rates by 4 per cent by increasing the scope and coverage of duty drawback scheme so as to ensure full reimbursement of excise duties, custom duties, service tax, education cess and various state level taxes.

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
April 2017

April 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