Home / Knowledge / News / Textiles / Textile trade union body urges for immediate stimulus package
Textile trade union body urges for immediate stimulus package
22
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: Pexels

Textiles | On 17th Jul 2018

Trade wars could depress medium-term growth prospects: IMF

The recently announced and anticipated tariff increases by the US and ...

Courtesy: Mat Brown from Pexels

Textiles | On 17th Jul 2018

India increases import duties on textiles & apparel

The Government of India has increased basic customs duty on several...

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

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

Mark Paterson
Technical Absorbents Ltd

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

Igor Chapurin
Chapurin

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

Robert Brunner
Devereux

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


July 2018

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

news category


Related Categories:

Advanced Search