Source: Textile Review
Indian Textile Industry is one of the leading textile industries in the world. Though it was predominantly an unorganized industry even a few years back, the scenario started changing after the economic liberalization of the Indian economy in 1991. The opening up of the economy gave the much-needed thrust to the textile industry, which has now successfully become one of the largest in the world. The textile industry largely depends upon textile manufacturing and export. It also plays a major role in the economy of the country. India earns about 27% of its total foreign exchange through textile exports. Further, the textile industry of India also contributes nearly 14% of the total industrial production of the country. It also contributes around 3% to the COP of the country. The textile industry is also the largest in the country in terms of employment generation. It not only generates jobs in its own industry but also opens up scopes for other ancillary sectors. The India textile industry currently generates employment for more than 35 million people. It is also estimated that the industry will generate 12 million new jobs by the year 2010.
'Employee relations' is a common title for the industrial relations function within personnel management and is also sometimes used as an alternative label for the academic field of industrial relations. The term underlines the fact that industrial relations are not confined to the study of trade unions but embrace the broad pattern of employee management, including systems of direct communication and employee involvement that target the individual worker.
The relationship between an employer and its employees is an important factor in the organization's success. Employers will treat their employees with respect and vice versa if they all want to succeed and achieve goals. Some organizations forget to focus on employee retention and appreciation, and then they lose productivity.
Originally Published in Textile Review, March-2011
The authors are associated with Karpagam University, Coimbatore.
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