Home / Knowledge / News / Textiles / NITI Aayog mulls plan to save Indian jobs from automation
NITI Aayog mulls plan to save Indian jobs from automation
22
Dec '17
NITI Aayog mulls plan to save Indian jobs from automation
India should set up a labour utilization fund to make workforce better skilled and cost-competitive and encourage businesses to hire more when low-skill labour is losing relevance due to artificial intelligence and automation, Indian Government think tank NITI Aayog has proposed. It sees a need for labour subsidy instead of capital subsidy for businesses.

As social security benefits in India do not match those of developed nations, a dedicated policy and schemes to lower labour costs are needed to help bridge income inequality, NITI Aayog vice chairman Rajiv Kumar told a top Indian business daily.

The government’s technology upgradation fund (TUF) has been encouraging automation in the textile industry to enable it to compete with large production houses in countries like China. TUF, announced in 1999 and modified for continuation in the 2012-17 period, offers capital subsidy to the sector for adopting technology.

Similarly, the labour utilization fund doesn’t have to pay salaries but can be used for better training, for paying provident fund contribution and for covering the health costs, said Kumar.

A policy objective of maximizing employment generation with focus on labour-intensive sectors like housing, construction, exports, garments, tourism, education and health should work, he added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Mark Paterson
Technical Absorbents Ltd

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

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

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