Government targets annual productivity growth of 5.6%
The government has targeted an average annual productivity growth rate of 5.6 percent for the next 10 years, as it is expected to start implementing Bangladesh’s National Productivity Master Plan from January next year. .
The plan, which runs from 2021 to 2030, was prepared by the National Productivity Organization (NPO) of the Ministry of Industry and the Asian Productivity Organization (APO), an intergovernmental organization based in Japan. .
The plan was prepared to help the country achieve the Sustainable Development Goals, implement the Eighth Five-Year Plan, and improve productivity, quality and competitiveness.
The government is working to implement the plan to increase productivity at the national level, Industry Minister Nurul Majid Mahmud Humayun said yesterday during a program to mark National Productivity Day , on the theme “Productivity for irresistible progress”.
“The Ministry of Industry is working to increase productivity nationally to 5.6% by 2030.”
Bangladesh’s national productivity growth rate averaged 3.8% between 1995 and 2016.
The minister said that at present, the level of productivity in Bangladesh is not as high as in many other countries.
“This is one of the main reasons for our economy to lag behind other economies,” he said, adding that the country needs to increase productivity in a systematic and consistent manner in all sectors of the economy. .
Bangladesh lags behind the seven Asian garment-producing countries except Nepal and Cambodia in terms of hourly productivity of the garment workforce, despite being the world’s second-largest garment exporter. after China.
According to the APO Productivity Data Book-2020, labor productivity in Bangladesh is 10.4%. The average labor productivity in South Asian and APO countries is 16.3 percent and 27.8 percent, respectively.
“Thanks to the master plan, we will be able to achieve our goal,” said Industry Secretary Zakia Sultana.
Nutrition is also linked to labor productivity. And the World Health Organization says adequate nutrition can increase national productivity by 20 percent. According to the Global Alliance for Improved Nutrition (GAIN), an international organization based in Switzerland, around 43 percent of garment workers suffered from malnutrition.
Providing workers with access to nutritious and safe food can ensure workers’ full potential or productivity is used, he said.
“Most textile workers in Bangladesh can no longer survive in the industry when they are 40 or 45, although the law says they can work until they are 60. It is because of malnutrition. Their children also suffer from malnutrition. “said Nazma Akter, president of the Sommilito Garments Sramik Federation.
She said Cambodia and Vietnam entered the garment industry after Bangladesh, but progressed because their employees received healthy and free lunches.
“The master plan has been formulated. Now the action plan is being prepared,” Faizur Rahman Faruqui, the former director of the NPO, told the Daily Star.
The agency has until December to establish the action plan.
The master plan will be implemented in three phases and a monitoring team will take care of the whole process, Faruqui said.
“If we can do it according to our plan, our productivity growth will reach 5.6 percent. ”