SME Times News Bureau | 01 Aug, 2019
Walter, Director, International Labour Organization (ILO) DWT for South Asia
and Country Office for India, on Wednesday said that sustainable growth can be achieved by
strengthening local institutions.
at the AIOE (All India Organisation of Employers) National
Award for Outstanding Industrial Relations, 2017-18, organised by FICCI, Walter said
that it is essential to support local institutions to develop investment plans
that focus on sectors which are close to the traditional core competency of the
has the potential of accelerating growth in the shorter time span as it also
requires limited upskilling of the local labour force. Strengthening local
institutions to improve efficiency is critical for policies and programmes to
yield result," she said.
a globalised and competitive world, labour markets work best when the
institutions that govern them create an environment where income, social and
labour protection are ensured for workers, while enterprises are given the room
to prosper, she said.
further added that wealth inequality and hierarchical distribution of income in
developing countries have long been identified as a growth barrier and
sustaining growth requires the mass mobilisation of financial as well as human
recent creation of two cabinet committees in India on investment and growth,
and employment and skills development is very timely and thus indeed underscores
the country’s commitment to address these challenges," she noted.
also gave top three awards to ITC Agri Business Division (AP); TVS
Motors (Hosur) and MRF Limited (Pondicherry) in that order for
practicing best industrial relationsat their facilities chosen from among 12
shortlisted companies during the AIOE National Award for Outstanding Industrial
Rohit Relan, President, AIOE said that 90% of the workforce in the country is
in the informal sector characterised by low productivity, low quality and
decent work deficit. He requested ILO to support pilot programmes to improve
the condition of the employees and enterprises in the informal sector through