 |
| image courtesy: Denim experts limited |
However, there are few under developing/developing countries in Asia, where labour cost is lower than India. Countries like Vietnam & Cambodia with lower labor cost are slowly making an inroad in global market and the progress is very fast. It is a fact that labour cost per hour simply does not indicate the impact on garment manufacturing cost. It also depends on value addition made by the individual per hour. It is reported that though labour cost is high in some countries but value addition made by a labor, is substantially higher compared to other countries including India.
Unfortunately, this was not happened in our country in absence of appropriate plan & initiative though, Indian workforce has a good skill & knowledge. As per my knowledge, there are a few industries in NCR & Mumbai, who have framed strategic plan to motivate and encourage the workforce to enhance value addition in productivity. Hence; India should make appropriate initiatives to make this advantageous position in favour, to accrue the more benefit by maintaining higher ratio between labour cost per hour and value addition made by individual per hour.
The labour cost per hour of different countries is given in the Table below
Table: Garments manufacturing labor costs (US$/hour) by Countries
Table: Garments manufacturing labor costs (US$/hour) by Countries
Asian Competitors
|
US Regional Suppliers
| ||
2.54
| |||
0.22
|
1.72-1.82
| ||
0.33
|
1.55-1.95
| ||
0.37
|
0.97-1.03
| ||
0.38
|
0.49-0.55
| ||
0.43
|
EU Regional Suppliers
| ||
0.44
|
2.44
| ||
0.51
|
2.24
| ||
0.55-0.80
|
1.97
| ||
China (other coastal/core areas)
|
0.86-0.94
|
1.68
| |
1.08
|
1.53
| ||
1.18
|
Jorden
|
1.01
| |
1.29-1.36
|
0.83
| ||
No comments:
Post a Comment