By IANS
New Delhi : The ministries of textile and labour will soon launch a relief package for textile exporters hit severely by the rising rupee against the US dollar.
“The proposed package would be worked out in the next few weeks,” Labour Minister Oscar Fernandes said at an event organised by the Confederation of India Industry (CII) here Thursday.
He also said the relief package would be brought out mainly for those textile exporters who are based in northern and western India.
The minister said the government is seriously concerned with the loss of jobs in the industry due to the unabated appreciation of the rupee against the weakening dollar.
Collective efforts are being worked out to accelerate the pace of employment generation in the organised sector, said Fernandes.
He also said the government is aware of the fact that in some parts of the country, employers are draining off the money of employees’ gratuity, bonus and other benefits to meet their own financial obligations.