Home / Knowledge / News / Textiles / Textile trade union body urges for immediate stimulus package
Textile trade union body urges for immediate stimulus package
Apr '09
The textile division of the Confederation of Revolutionary Worker's Union (DISK), said that the textile sector is facing a very disastrous situation and urged the government to roll out a stimulus package for the sector immediately to avoid a catastrophe and revive the industry.

Among the demands are one-year suspension on collection of social security premiums of the workers, bring down energy prices by 50 percent and reduce taxes on wages and in return the government should ensure no worker is laid off during the incentive period.

The government has been slow on implementing revival plans for the textile sector, on the lines adopted by its competitor countries like India and China and has received flak from all and sundry for the same, which includes trade bodies and labour trade unions in the country.

The government had recently revised the exports targets from the textile and garment sector in the country by bringing down the goal from a positive 4 percent to a negative growth rate of 3.6 percent, which in effect means contraction of exports.

Unemployment is also raising its ugly head and figures suggest that those figures are touching unmanageable proportions. Recently revealed data indicates that unemployment has reached 15.5 percent till February, the highest since 2005.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search