Govt to work for high job rate in manufacturing

Govt to work for high job rate in manufacturing
Unb, Dhaka

The government will work to increase employment rate to 16 percent in the manufacturing sector by 2015 with an aim to achieve gross domestic product growth to about 8 percent.

At present, the manufacturing sector accounts for 11 percent of employment although it includes over 80 percent of the country’s industrial units, according to a draft of the sixth five-year plan (SFYP) for 2011-15.

General Economics Division of the Planning Commission placed the draft before the meeting of the steering committee who formulate the SFYP.

The meeting was held at the NEC conference room at Sher-e-Bangla Nagar in Dhaka yesterday.

Headed by Planning Minister AK Khandker, the steering committee comprises secretaries of different ministries.

The SFYP will concentrate on reducing regional disparities and developing human resources for converting Bangladesh into a middle-income country.

Strategic directions and policy framework of the SFYP identified 22 core targets in the context of the government’s `Vision 2021′.

The SFYP will target increasing manufacturing sector’s GDP share to 25 percent and employment to 16 percent by 2015. Besides, it will also seek removal of constraints on expansion of external trade for diversifying the country’s exports.

The SFYP will also look for improving the efficiency of and access to financial sector by reducing intermediary costs.

The proposed plan will further focus on removing infrastructure constraints through massive investment in power and transport sectors.

It will strive to address the issues of disadvantaged regions, especially Khulna, Rajshahi and Barisal divisions, through a strategy that involves public expenditure in infrastructure and human development. It will also seek to facilitate more trade and investment in the border districts with the neighbouring countries including India, the draft said.

The SFYP will seek to address the income inequality problem through a range of measures. These are creating better access to high productivity, high-paid jobs, and improving farm productivity and income.

It will also strive improving the access of the poor to agriculture inputs including fertiliser, seeds, water, electricity and also rural transportation.

Bangladesh has made significant progress in education and gender equality both at primary and secondary levels, the draft document mentioned.


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