Regulatory15 Apr 2026, 05:02 pm
Cosco India: Haryana minimum wages up ~35% from Apr 2026
AI Summary
Cosco (India) Limited announced that the Haryana Government, Labour Department, has revised the basic minimum rates of wages by approximately 35% effective April 1, 2026. This revision impacts all employments in Haryana. Cosco India operates a factory/production unit in Gurugram, Haryana, and its management has noted the change. The exact financial impact of this wage revision on the company is yet to be quantified.
Key Highlights
- Haryana Government revised basic minimum wages by ~35%.
- New minimum wage rates are effective from April 1, 2026.
- Cosco India's Gurugram factory is located in Haryana and will be impacted.
- The exact financial impact on the company is yet to be quantified.
Price Impact
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