Capacity building essential to meet skill gap
As the demand for the labour force is projected to increase from existing 63.5 million to 88.7 million in 2025, country’s ten leading sectors alone need 5.43 million trained labours in 2020 and 7.21 million in 2025, according to a study report, reports BSS. “Total training target for the country’s ten priority sectors will be 5.43 and 7.21 million workers in the years 2020 and 2025 as in 10 years time, a 78 per cent increase takes place in the country,” said the study report released by Bangladesh Institute of Development Studies (BIDS) Sunday. “Skill training is very important not only for exporting manpower aboard, but also necessary for the domestic labour market,” said Finance Minister AMA Muhith while speaking at the report unveiling ceremony held at his secretariat office here. According to BIDS, the ten sectors are construction, Ready Made Garments (RMG), textile, agro-processing, healthcare, IT, hospitality and tourism, leather, light engineering and shipbuilding. BIDS prepared the report styled “Labour Market and Skill Gap in Bangladesh” to review and assess the current status and emerging needs of the Bangladesh economy in terms workforce especially in priority sectors and to project future skill needs in order for the country to achieve higher growth in these sectors. Senior Secretary of the Finance Division Hedayetullah Al Mamoon delivered welcome speech while Director General of BIDS KAS Murshid made a power point presentation on the report.