India Inc eyes business boost, braces for changes
For the garment industry, grappling with competition from Bangladesh, Vietnam and Sri Lanka, permission to hire women in night shifts has been a long ask, he added.For IT workers, govt flagged that salaries have to be paid by the seventh of every month and equal pay for equal work.
“Nasscom will work closely with all stakeholders to help industry navigate this change with confidence,” said the industry body.“The codes enhance industry competitiveness through single registration, reduced overlap, and streamlined processes, while ensuring minimum wages for all, improved OSH standards, annual health check-ups, maternity and social-security protections, and safer night-shift opportunities for women,” said Ficci director general Jyoti Vij.Industry bodies also recognised the flexibility it provides.
“This long-awaited reform brings India in line with global standards, eases compliance, empowers enterprises, and strengthens the foundations for higher productivity, greater competitiveness and accelerated job creation,” said CII director general Chandrajit Banerjee.