The Minister gave away the AIOE Industrial Relations Award for 2006-07 to TV Sundaram Iyengar & Sons Ltd. Madurai.
Mr. K G Balakrishnan, President, AIOE, pointed out that the labour policy reforms, which are long overdue, are required to reduce controls, impart flexibility and autonomy to spur competitiveness in domestic industry.
Today, even the changes in the timing of working shifts to efficiently utilize the resources, requires a notice of 21 days. He said : “Countries, who are our competitors have no such statutory restrictions and are better equipped to fully utilize their resources and produce at a lower cost. Similarly, the 'Inspector Raj', is a continuous source of harassment.”
Federation of Indian Chambers of Commerce and Industry
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