On-demand comfort agency Swiggy Ltd on Saturday termed the newly notified labour codes as a “transformative step” that may unlock far-reaching advantages for hundreds of thousands of employees.
Whereas supporting the federal government’s imaginative and prescient of a contemporary and inclusive social safety web, in a regulatory submitting, Swiggy mentioned it doesn’t anticipate any materials affect from the CoSS (the Code on Social Safety, 2020) on its enterprise sustainability, value construction, or long-term monetary efficiency.
The federal government on Friday notified the 4 labour codes, which have rationalised 29 current labour legal guidelines. These will formalise employment, strengthen employee safety, and make the labour ecosystem less complicated, safer and globally aligned.
Beneath the brand new codes, ‘gig work’, ‘platform work’, and ‘aggregators’ have been outlined for the primary time. The codes stipulate that aggregators using gig employees should contribute 1-2 per cent of annual turnover to social safety, with the full contribution not exceeding 5 per cent of the quantity payable by the aggregator.
“This reform represents a landmark restructuring of India’s welfare and regulatory structure, a transformative step towards constructing an inclusive, coherent, and future-ready social-security framework that extends throughout formal employment, the unorganised sector, and the quickly increasing platform financial system,” Swiggy mentioned.
The corporate additional mentioned, “We recognise the importance of this second and the far-reaching advantages these reforms can unlock for hundreds of thousands of employees.” The 4 labour codes are — the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Safety, 2020 and the Occupational Security, Well being and Working Circumstances Code, 2020.
Referring to the Code on Social Safety, 2020 (CoSS), Swiggy mentioned it’s a welcome growth that brings much-needed uniformity, readability, and predictability to all stakeholders.
“The framework is predicted to simplify and strengthen profit entry for employees on digital platforms, whereas additionally easing compliance for enterprises working throughout numerous geographies,” it added.
Stating that the detailed monetary and operational contours of CoSS shall be absolutely understood as soon as the federal government notifies the corresponding guidelines, the corporate mentioned, “We stay targeted on readiness.” Swiggy additional mentioned it’s strengthening its digital programs and inside processes to combine the brand new necessities into its working mannequin seamlessly.
“Primarily based on obtainable info, we don’t anticipate any materials affect of CoSS on our enterprise sustainability, value construction, or long-term monetary efficiency,” it added.
The corporate additionally welcomed the federal government’s dedication to interact with trade individuals, platform corporations, employee teams, and state governments to make sure that the principles are sensible, implementable, and aligned with the operational realities of the digital financial system.
“Swiggy welcomes this inclusive strategy and has constructively participated in trade dialogues and submissions over time. We’ll proceed to assist the consultative course of in order that the ultimate regulatory structure is strong, scalable, and helpful to all stakeholders,” it famous.
Stating that its dedication to the welfare of supply companions has been long-standing, Swiggy mentioned, “guided by the precept that platform employees ought to have entry to important protections regardless of formal classification frameworks, now we have, for gratis to companions, prolonged unintentional insurance coverage, health-insurance entry, maternity advantages, and a variety of welfare and financial-resilience programmes.” These initiatives replicate the corporate’s perception that the platform financial system should develop responsibly, humanely, and in alignment with long-term societal wellbeing, it famous.
Printed on November 22, 2025
