Strengthen local institutions for sustainable growth: ILO Director
Dagmar 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. Speaking 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 local community. “This 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. In 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.
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