One Samsung strike doesn't signal crisis
Samsung's plant in Tamil Nadu is an isolated incident that can be resolved by intervention of the state government. GoI is ready to chip in to find a meeting ground between management and striking workers.
MNCs that have manufacturing bases in India typically have cordial industrial relations with employees. This is partly due to the higher pay they offer, and employee benefits benchmarked to their international corporate strategy.
Admittedly, attractiveness of local production is enhanced by wage cost arbitrage. But Indian workers have recourse to statutory protections. Occasional confrontations can be swiftly resolved through a combination of HR strategies and legal remedies.
State governments have a stake in maintaining industrial harmony because India is pitching itself as a manufacturing base for both domestic consumption and exports. States are in competition to attract foreign investment based on worker productivity.
Alongside equipping their workforce with the right skills, states must develop a conducive environment for investment. GoI is keen to project India as a 'China+1' destination for companies seeking to diversify their value chains.
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