#compliance challenges

[satgururoadlines]

Express Delivery Secrets: Road, Air, and Rail Freight Services | Satguru Road Lines | India

Explore the intricacies of express delivery services in India, including road, air, and rail freight. Discover the challenges, strategies, a

[satgururoadlines]

India's Online Retail Boom is Reshaping the Freight Industry | Satguru Road Lines | Delhi, Mumbai, Pune, Chennai, Bangalore

Explore the profound impact of India's e-commerce explosion on the country's freight industry. Discover the changing landscape, challenges,

[satgururoadlines]

Satguru Road Lines in adopting green logistics initiatives for a sustainable chemical industry future. Learn about sustainable packaging, op

[satgururoadlines]

Manufacturing logistics in major hubs like Delhi, Mumbai, Pune, Chennai, and Bangalore. The challenges faced, and the real-world impacts of

[johnkennyhertz]

Fair Debt Collection Practices Act Raises Compliance Challenges

A former general counsel at a Kansas City based private equity firm and current partner at Kennyhertz Perry, LLC, located in the greater Kansas City metropolitan area, John C. Kennyhertz advises his clients on regulatory compliance, helping them deal with such agencies as the Consumer Financial Protection Bureau and the Federal Trade Commission. Johnny Kennyhertz also provides advice on federal statues like the Gramm-Leach-Bliley Act and the Fair Debt Collections Practices Act. Passed in 1977 and amended afterward, the Fair Debt Collection Practices Act seeks to regulate the debt collection business with the goal of eliminating abusive practices and providing consumers with the ability to challenge the accuracy of debt information. It primarily applies to third-party debt collectors, and bans them from using “false, deceptive, or misleading representation or means in connection with the collection of any debt.” The rules imposed on third-party debt collectors range from the simple prohibition of contact earlier than 8:00 a.m. or later than 9:00 p.m. to a restriction on contact if the debtor has legal representation. The act also gives private individuals the right to bring actions against collectors and the right to terminate communications in writing.

[indian-garment-industry-blog]

Indian Textile Industry and Garment Exports

The Indian textile industry is one of the largest industries in the world, with a huge raw material and textile manufacturing base. The industry occupies a unique position as a self-reliant industry, from the production of raw materials to the delivery of finished products. This large and ancient industry has carved out a special niche for itself as a facilitator of the county’s economic growth and participative development. Textile industry in India is a highly versatile sector, with smaller firms providing flexibility needed for smaller orders; the larger firms have the capacity to service the world’s biggest buyers. The Government of India has also undertaken several favourable policy initiatives, which have resulted in the growth of the sector. “Indian textile industry contributes about 14 per cent to industrial production, 4 per cent to the country's gross domestic product (GDP) and 16.63 per cent to export earnings,” as per Ministry of Commerce and Trade, India. Major destination for Indian garment exports The USA is the number one destination for the exports of Indian apparels. During 2011, the garment imports to the USA from world were around US$ 81.51 billion. India exports garments of worth US$ 3.53 billion to the USA, which accounts for 4.33 per cent share in the USA’s total garment imports. AEPC: An official body of apparel exporters Apparel Export Promotion Council (AEPC) is an official body of apparel exporters in India. The body provides invaluable assistance to Indian exporters as well as international buyers who select India as their preferred sourcing destination for garments. AEPC initiative: DISHA Several western countries like the USA, have raised concerns regarding the usage of child labour in production houses in developing countries. The US and the European Union together account for 80 per cent of India’s total apparel exports. Therefore, an initiative “DISHA”- Driving Industry Towards Sustainable Human Capital Advancement has been launched by AEPC for the qualitative assessment of Indian garment manufacturers. The initiative will encourage Indian manufacturers to follow better social practices, which will give them a competitive edge in the global market. With DISHA in progress, India is well placed to emerge as one of the most compliant sourcing destinations amongst the developing nations and able to meet all the compliance challenges. Under the programme, the units would be encouraged to adopt improved production systems and worker’s productivity. The important focus of DISHA is issue of certification which certifies that the industry is complied with all social compliances as per international standards. Some of the compliances in the industry are:

Prohibition of child/forced labour

Non-discrimination

Proper working environment

Proper wages and working hours

Step taken by AEPC to promote garment exports Apparel Export Promotion Council (AEPC) as part of its export promotion plan, for the first time, is organising Buyer-Seller Meet at New York, USA during January 2013. The initiative will provide an opportunity for international buyers to meet with selected top exporters of India, who will be showcasing their collection of women's wear, men’s wear, children wear and fashion accessories. These exporters are fully compliant with the global quality standards and have world-class production infrastructure.