Fibre2Fashion
Labour Reforms: Some Gain, Some Pain By: Click to explore our newest AI enabled Analytics.
Nov , 2020
Akshay Sinha
In September, the Indian Parliament finally approved the government’s three labour codes, part of Prime Minister Narendra Modi’s long-promised labour law reform package that consolidates and simplifies India’s myriad labour laws at the Central and state levels. The reforms are designed to attract more investment and build India into a manufacturing powerhouse and no doubt those will be a boost for the Indian economy. Yet, the package may also result in significant challenges for Indian enterprises, particularly for textiles, clothing and footwear exporters, and both the government and exporters need to recognise this and take steps to avoid any unforeseen outcomes.