INDIA: Minister hints at relief package for textile workers
India's labour minister has hinted that the government is mulling a relief package for textile workers who have lost their jobs as a result of the appreciation of the rupee.
Speaking at a conference on 'Labour Reforms without Tears' organised by Assocham (The Associated Chambers of Commerce and Industry of India), Oscar Fernandes, minister of state for labour and employment, said the proposed package would be worked out in the next few weeks.
Workers have been laid off after the rising rupee lowered margins for textile and apparel firms and made it more difficult for companies to compete internationally.
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