Govt to revise minimum wage for 15 industrial sectors over next 3 years: Salehuddin
Strategic and intensive compliance will be ensured by mapping factories, institutions and shops in labour-intensive areas, he says
The government will set or revise the minimum wage for 15 additional industrial sectors over the next three fiscal years, Finance Adviser Dr Salehuddin Ahmed said today (2 June).
"Considering the prevailing high inflation, the annual increment rate of wage has been enhanced from 5 to 9 percent for the industrial sector from December 2024," he said while presenting the proposed national budget for FY26.
Salehuddin said the present government is working for the welfare of the existing workers alongside creating new employment opportunities.
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To ensure continued productivity by resolving labor unrest in the industrial sector, about Tk651.37 crore has been disbursed to various industries after 5 August 2024, he added.
In addition, he said, initiatives have been taken to establish a platform for coordination of employment opportunities and dissemination of information.
Measures are underway to appoint an arbitrator panel and implement its activities in line with the ILO's recommendations to improve labour standards, he added.
He said strategic and intensive compliance will be ensured by mapping factories, institutions and shops in labour-intensive areas.
In addition, training and piloting programs will be conducted to modernise the RMG sector matching the need of the fourth industrial revolution, he added.
