The government wants to utilise the current demographic dividend of Bangladesh prioritising technological sector to boost the country’s economy.
The plan was reflected in the proposed national budget for 2021-22 fiscal year placed before the parliament on Thursday by finance minister AHM Mustafa Kamal.
The minister said while more than half of the country’s population is youth and over two million people are entering the labour market every year, there is no alternative of creating employment opportunities for them.
“The ongoing Fourth Industrial Revolution has opened up the door to create unprecedented new employment opportunities for skilled manpower both for home and abroad,” he said.
“The implementation of 'Sustainable Development Goals', 'Vision 2041' and 'Delta Plan-2100' has created huge employment opportunities in the country for people skilled in science, technology and technical knowledge,” he added.
Kamal said one million employment opportunities for the young people have already been created in the IT sector, and another 1 million people will be employed in the sector by 2021.
“A definite link between industry and education has been established by revising and rearranging the content of educational programmes keeping in view the employment requirements,” the minister said, adding that the government is pursuing a sector-based employment policy.
He also said that the government has been implementing the ‘Skills for Employment Investment Program (SEIP)’ to provide inclusive skills development training based on the demand of the industry sector, under which skills development training to 8,41,680 persons in 11 priority industries and services sectors will be provided by 2024.
AHM Mustafa Kamal told about his government’s measures to maintain normalcy in the labour market amid the COVID-19 pandemic through providing multiple incentive packages to make sure regular wages and allowances and prevent layoffs.
The minister also highlighted on the steps that the government took to ensure safety of the factory workers during the ongoing pandemic.