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Issue dated - 22nd August 2002

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Phdcci calls for flexible labour laws
Agencies - New Delhi

The Phd Chamber of Commerce and Industry (Phdcci) has asked the government to scrap provisions regarding permission for lay-offs, retrenchment and relieving employees. “Flexible labour laws and accepting the employers’ right to manage business under the relevant labour laws would promote competitiveness in the industry and encourage new investments and employment,” a Phdcci release said here.

The chamber said that since the subject of labour was under the concurrent list, the state can include this provision in their labour laws.

There was a need for development of Special Economic Zones (SEZs) with private sector participation within the state, it said adding that it would provide a platform for integrating the state economy with the global marketplace. “The SEZs should have access to facilities matching global standards encompassing business and logistic support and requisite physical and social infrastructure,” it said.

The strategy for promoting industrial growth should be formulated by focussing on the inherent strength of states and there was a need for forming clusters along niche areas like food and agro-processing, textiles, tourism, automotive components and information technology.

There was a need to develop sophisticated logistics infrastructure such as inland container depots, cold chains, commodity banks and improved road connectivity to overcome the handicap emerging from the land-locked nature of the states.

An empowered committee should operate as a single window in the districts under the respective deputy commissioners to provide transparent decision making process and expedite clearances for new enterprises, it said.

 


This Week
EDIT
A turnaround to reckon with
Riding on the buoyant denim market as also backed by its restructuring programme, textile major Arvind Mills has posted a net profit of Rs 25.58 crore in the first quarter of the current fiscal as against a net loss of Rs 67.88 crore during the corresponding period last fiscal.


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