Indian port workers postponed the national strike till May 12 after negotiating efforts made on Apr 17, according to latest news. The government side suggested another around of talk in the meeting to settle the dispute.
This strike, headed by the trade unions and answered by several large labor unions was previously planned on Apr 19 to send a warning to the Modi government. In an effort to revitalize the economy, the government moves to bring in competitive private enterprises to the public sector. Major Ports Authority Bill 2016, as it dubbed, is introduced to promote effective operation of major ports, but the privatization of the sector may mean loss of jobs and benefit for workers.
At a time when Indian export market are booming along with the fast growing economy and rising port productive force, this strike, if happens, would severely damage the normal operation of 12 major ports, namely Kolkata, Paradip, Visakhapatnam, Chennai, Tuticorin, Cochin, New Mangalore, Mumbai, Jawaharal Nehru Port Trust, Kandla and Mormugao, which share nearly 70% of this country’s container deals. Thus a widespread and infinite strike in these ports would surely hurt Indian domestic economy. And foreign enterprises dealing with their Indian counterparts may also be impacted.