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In what ways has competition affected workers, Indian exporters and foreign MNCs in the garment industry?
The competition has affected the textile workers, Indian exporters and foreign multinational companies in the following ways:
(i) Effect on workers of textile industry Competition in textile industries has adversely affected their pay scales, working hours, transport, education, nature and housing facilities. The fear of retrenchment of workers has increased.
(ii) Effect on Indian exporters Indian exporters are getting benefited due to increase in demand for good quality and design garments. Along with this, to remain in international competition, they have to increase investment on skilled labor and technology.
(iii) Impact on Foreign MNCs They have to partner with local companies and have to spend more to increase investment, adopt latest technology and hire skilled and trained labour.
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