Samsung labour strike poses serious risk to manufacturing ecosystem: GTRI
Samsung's Sriperumbudur plant in Tamil Nadu is escalating and it poses a serious risk to the manufacturing ecosystem in the region, think tank GTRI said on Monday. It said the Centre and Tamil Nadu governments need to intervene immediately in the matter.
«If the strike at Samsung's Sriperumbudur plant is not resolved soon, India risks losing significant ground in its quest to become a global manufacturing powerhouse,» the Global Trade Research Initiative (GTRI) said in a statement.
It added that the strike is quickly becoming a major crisis, and it will threaten the state's position as a leading electronics manufacturing hub.
«The unrest is escalating and poses a serious risk to the manufacturing ecosystem in the region, which includes major players like Foxconn, Sanmina, and Flex,» GTRI Founder Ajay Srivastava said.
He said the unrest is casting doubt on India's ability to maintain stable manufacturing operations, a key factor for investors and multinational corporations.
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