Sunday, January 21, 2007

Unorganized manufacturing units could benefit Indian and international corporates

The Economic Times reports that in an unexpected twist, small manufacturing units of the unorganized sector could benefit domestic and international corporate houses looking to be a part of the Indian retail market. According to research by Research & Information Services (RIS), an External Affairs ministry think tank, the trade sector will account for 11 million jobs and employ an additional 16 million in the sector of export manufacturing over the next three years. While these small scale units and workers play an essential role in the supply chain, they are compensated at a very minimal level, due to presence of middlemen and archaic labour laws.

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