Manpower is one of the most important elements of the Textile industry. Sustainability of Indian Textile Industry is largely dependent on the manpower, which is becoming a big concern for sustainability of the Indian Textile Industry. We discuss many issues related to other M's (Man, Machine, Material, Method, Market, Money, Measurement) for an industry and its management, but we seldom discuss the issue of the manpower.
Business is customer-centric. Customer is God, customer first, customer is king. In a buyer's market, it is the customer that drives the business enterprise, unlike the past when it used to be a seller's market and the top management used to steer the business operations.
The textile industry is characterized by low margins, highly capital as well as labor-intensive, largely dependent on capacity utilization, modernization, product diversification, etc. Labor cost in the Textile industry constitutes 6 to 8% of sales depending on the product mix.
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Originally Published in Textile Review, August-2011
Dilip Barooah is Director with Fabric Plus Pvt. Ltd., Guwahati
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