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Labour Welfare Measures

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CHAPTER I INTRODUCTION INTRODUCTION TO THE STUDY Modern Management considers human being as resource and it is important for the success of any organization. Every organization attempts to survive and grow and it is difficult in a global economy characterized by cut throat competition, increasing cost, expanding power of labour, rapid technological changes, growing customer expectations etc. Human resources are wealth of an organization which can help in achieving its goals. The problem of employees satisfaction is regarded as a very significant factor in workers morale, absenteeism and labour turnover. The amount of co-operation that management may deceive from the employees would depend greatly on the extent of satisfaction amongst …show more content…

The industry has high levels of operational efficiencies in spinning and weaving; around 96% for spinning and 85-90% for weaving. GOVERNMENT POLICY Recognizing the immense potential of the textile industry to spur economic growth and drive exports, the Indian government have taken initiatives to encourage investment and enhance global competitiveness of the sector. In the recent Budget reforms the textile sector has been given some major concessions. Prominently, the government has removed the disparity in excise duty structures between organized and unorganized sector. Reduction of custom duty on textile machinery, polyester, viscose and garment making machinery further acted as an impetus to the industry. The excise duty polyester has also been reduced from 24% to 16%, which has brought the duty structure in line with ASEAN countries, providing filament yard processors with optional excise duty of nil or 8% excise duty with envat credit. STRENGTHS OF TEXTILE INDUSTRY • India has rich resources of raw materials of textile industry. It is one of the largest producers of the largest producers of cotton in the world and is also rich in resources of fibres like polyester, silk, viscose etc. • India is rich in highly trained manpower. The country has a huge advantage due to lower wage rates the manufacturing cost in textile automatically comes down to very

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