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Industrial Relations Code, 2020 is a major shift in the regulatory framework in India for industrial relations as it is consolidating three major pieces of labour law into a single law that will promote industrial harmony, organizational efficiency and improve relations between employers and employees. The paper is comprehensive and covers the implementation, impact and implications of the Code in Nashik's manufacturing industry, which is a key industrial hub in Maharashtra. The research method adopted in this study is the qualitative and policy-analytical approach which is based on the analysis of legal provisions, views of the stakeholders, observation of implementation and industrial evidences from secondary sources. The evaluation of the reforms is made regarding their ability to achieve industrial harmony and the balance of flexibility for the employers, protection of the workers and stability of the organizations in the manufacturing sector of Nashik. The results show that the Code enhances the improvement of the regulatory landscape, the structuring of industrial relations, but implementation issues, differential organizational capacity, lack of awareness among SMEs and concerns on workforce security remain a hurdle to the effective realization of the Code in the promotion of sustainable labour-management relations.

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