According to sources, the government first wants to bring labour reforms before opening up the scope for investment in the manufacturing sector. The Commerce and Industry Ministry along with Labour Ministry is already working in this direction.

The government believes that in order to boost up the economy, the manufacturing sector should receive ample amount of investment.

This particular sector is one of the major focus areas in Prime Minister Narendra Modi’s arena. In fact, the Commerce and Industry Ministry is also working quite hard in order to encourage the process.

Besides, the government is also working hard towards setting up of an import unit and Special Economic Zones (SEZ) will be brought within its ambit.

The fact that the government is quite serious over bringing in major labour reforms can be gauged from the fact that Commerce and Industry Minister Nirmala Sitharaman and Labour and Employment Minister Narendra Singh Tomar are going to hold a conference over the issue on 8th September.

On the other hand, sources close to Department of Industrial Policy and Promotion said that the government is of the opinion that in order to speed up the manufacturing sector, labour reforms are quite necessary.

It’s mainly due to this very reason that the government has already brought amendment in three major labour laws. Besides, several more reform measures are also there in the government’s agenda.

These reforms are expected to be announced before bringing changes in the SEZ policy. To make the manufacturing sector lucrative for investors, it’s quite necessary to bring certain modulations in the labour laws.

If the government attains success in this regard, it will definitely lead to generation of employment. In fact, Textiles Minister Santosh Gangwar has also batted for bringing reforms in labour laws.

Recently, during a programme, he said that the MNREGA has not been able to promote welfare of the labourers in a full-fledged manner. Therefore, necessary changes should be brought in the labour laws.

Apart from that, the Ministry of Textiles has demanded changes in this regard so that investment can be attracted and make it appear attractive from commercial perspective.

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