Ness Wadia joins Jeh on Britannia board

Filed Under (Textile News) by admin on 01-05-2010

Tagged Under : , , , ,

MUMBAI: Ness Wadia, the elder son of Nusli Wadia, head of the eponymous Wadia Group, has joined the board of Britannia Industries, joining younger brother Jeh Wadia, who had joined the board of the fast moving consumer goods company four years ago.

The board of the maker of a host of breakfast food items such as biscuits, bread cheese and milk, has approved Ness Wadia’s inclusion into the board from April 29, the company said in a filing to the stock exchange. Mr Wadia will be a non-executive director, representing the Wadia family on the board of the company, India’s second-largest biscuit-maker after Parle, owned by the Chouhan family.

Ness Wadia is also the joint MD of the group flagship Bombay Dyeing and joining the board of Britannia could mean changes in roles for the second generation promoters in the diversified family-run conglomerate. Bombay Dyeing, whose main textile business has been suffered from the twin effects of falling export orders and stiff competition in the domestic market, is witnessing changes at the top level.

Durgesh Mehta, a group veteran, is tipped to join Ness Wadia as joint MD of Bombay Dyeing from May 1. He replaces PV Kuppuswamy, who retired after a long innings in the diversified group. Nusli Wadia had brought the textile business under Britannia managing director Vinita Bali to turn around its fortunes. Bombay has generally had two joint managing directors.

Jeh Wadia has recently taken charge of the group’s growing property business that was once handled by his elder brother. A senior Wadia group professional has been asked to manage the low-cost airline Go Air, earlier run by Jeh, allowing the younger Wadia to pay undivided attention to the property business.

“Britannia is the most profitable company in the group. It is natural that both the sons are given seats on the board,” said a person close to the Wadia group. The real estate business posted a profit before interest and a tax of Rs 159.47 crore while the textile division reported a loss of Rs 65.98 crore for the year to end March. The property division also posted a profit of Rs 18.03 crore for the quarter to end December.

News printed in http://economictimes.indiatimes.com/

Child labour a prevalent menace in textile markets

Filed Under (Textile News) by admin on 29-04-2010

Tagged Under : , , , , , ,

Himanshu Bhatt, TNN, Apr 28, 2010, 10.09pm IST

SURAT: Despite tall claims of abolishing child labour by the labour department, the ill practice is still prevalent in the textile industry of Surat.

In a survey of the textile markets around the Ring Road of the city, TOI found a few hundreds of these children, deprived of education and other basic human rights, who are forced to do menial jobs in more than 50,000 shops of 140 textile markets of the city. More than half the children, who work on meagre daily wages of Rs 20 to Rs 50, are forced to work hard for 10 to 14 hours a day in inhuman conditions.

Healthier children are chosen to carry weights up to 100 kg on their backs, with most of them developing hunches by the age of 25. Some are asked to work in go-downs in darkness for 10 hours for a daily wage of Rs 50. Some smaller and little more fortunate ones have to fill up 200 to 300 boxes per day to get a salary of Rs 20 per day.

TOI found the lack of education as the prime cause of their woes. None of the children TOI met was educated and majority of them had arrived in the city couple of months ago. For most, work is a must for two square meals.

Most of them were scared to talk as they feared severe reprisal from their employers. Some just did not understand why it was wrong to work. One questioned, “My parents sent me from Rajasthan to earn for the family. What is wrong in it?”

A look at the figures of Surat city alone shows there are six lakh people, who are classified as poor as they live below poverty line (BPL). About 10 per cent of students opt out after primary education and start earning to assist their family income. In such a scenario, when we add influx of migrants from other states, about 30 per cent who arrive in the city are below 16 years of age.

A simple arithmetic shows that it is no wonder that there are a few thousand children below stipulated age, who are found working in the city.

A labourer in textile market on condition of not being named, said, “We are five persons in the family. We need Rs 5,000 minimum to sustain ourselves in the city. I earn about Rs 3,500, my wife earns Rs 600 by doing household chores. So, I have no option but to make my 11-year-old son work at a tea stall, where he gets Rs 30 per day.”

For contractors, who transport goods to the textile market, it is a matter of cost cutting. Such a contractor said, “For an adult, we have to pay Rs 125 to Rs 150 per day, but for children just Rs 50 to Rs 75 per day is enough. So, we employ them.”

News is printed in http://timesofindia.indiatimes.com/city/surat/