Author Topic: Analysts stress skills development  (Read 391 times)

Noor E Alam

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Analysts stress skills development
« on: July 03, 2018, 10:07:30 AM »
Employers in the country have to hire people from abroad to fill up the top managerial posts as there is dearth of skilled manpower in Bangladesh, analysts said yesterday.

The government should allocate more funds in the budget to develop skilled human resources to fulfil the increasing demand of manpower in the country's industrial sector, said Ferdaus Ara Begum, CEO of Business Initiative Leading Development (BUILD).

“The number of unemployed people is increasing in our country. But the employers still struggle to fill up the top posts as most of the job applicants lack proper skills and education.”

She was speaking in a post-budget discussion jointly organised by the Economic Reporters' Forum (ERF) and the Democratic Budget Movement (DBM) at the ERF office in the capital.

Bangladesh's remittance outflow is $6.5 billion a year, according to the World Bank.

In the budget for 2018-19, the government proposed allocating more funds for employment generation, but it set aside only 2 percent of the gross domestic product for the education sector which is not enough.

The entrepreneurs have to suffer because of the frequent changes in tariffs by the government, she said.

For employment generation, the government should give emphasis to the small and medium enterprises and rural industries, said MM Akash, professor of the economics department of the University of Dhaka. “We need vocational and technical education for the skills development of the entrepreneurs and to increase remittance inflow.”

Steps should be taken against dishonest bureaucrats and politicians who try to bar the country's economic development, he said.

The proposed budget is a usual one, which has nothing to offer for mid-income people, said Saif Islam Dilal, president of the ERF.

The mid-income people will have to bear all the burden of the taxes, he said.

Protima Pal Mojumder of the DBM presided over the meeting where Salahuddin Bablu, acting president of the ERF, was also present.

Monwer Mostafa, research secretary of the DBM, presented the keynote speech at the programme.

Source:- The Daily Star