The Ministry Of Textiles Of India Is Striving To Amend The Labour Law.

The appreciation of rupee has dealt a heavy blow to India's textile exports, and the export target of 2007-08 is still $4 billion 500 million. Therefore, the Ministry of textiles is forced to look for opportunities to revise the labour laws to enhance the competitiveness of exporters.

Official data show that the target of textile exports in 2007-08 was US $25 billion, and textile exports reached US $20 billion 500 million, an increase of 9.4%.

A statement from the Ministry of textile industry today said that in the long term, it is necessary to improve the infrastructure, labor law and create trading companies that are in line with global trends.

Compared with a year ago, textile exports increased by only 1.49% in the first half of this year, and the situation improved in the second half of 2007-08.

The statement said that as part of the medium and long term policy, the government decided to continue the implementation of the technology renewal fund arrangement in the eleventh five year plan, and integrate the textile plan arrangement to retain the cotton technical group.

In October 2006 -2008, the rupee appreciated by 15%, and its handicraft exporters were hit by heavy losses.

Handicraft exports reached a peak in 2006-07, at 209 billion 630 million rupees and 175 billion 370 million rupees in 2007-08.

In order to improve the infrastructure of the industry, the government proposes to redevelop 10 textile parks by 2012, all of which are integrated into the integrated textile park arrangement, which has approved the establishment of 30 textile parks.

The total investment of the 30 textile parks is about 169 billion 530 million rupees, creating 575 thousand jobs, and the annual production of 273 billion 860 million rupees.

The government has allocated 4 billion 500 million rupees for 2008-09.