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Domestic workers to acquire training by foreign employees
31
Mar '08
A large number of Japanese, Korean and Taiwanese foreign investors seeking to establish their base in Bangladesh, are hiring domestic workers to impart training and technical knowledge for their own interest.

Considering the fact that technicians in China, Korea and other countries are more expensive than those found locally, investors have increasingly adopted the policy to train local workers to reduce their cost of production.

For instance, in the last few months, Japanese textile giant Toray, hired about 60 workers from outside EPZs for their Malaysian textile unit.

Paolo footwear, a Korean shoe maker also hired 40 workers from its Karnaphuli EPZ for similar purpose. Besides, Trimax, a Taiwanese company planning to invest in Bangladesh furniture sector, is also negotiating with the Government for hiring around 100 workers for providing advance training in Taiwan.

Experts believe that cheap labor from Bangladesh will immensely help these foreign entrepreneurs to reduce their management and production cost.

Several foreign enterprises who have invested in domestic EPZs have, in total, furnished about 700 workers with training abroad.

In fact, because of very high labor cost in Malaysia, a number of factories are planning to relocate their bases in Bangladesh where easy and cheap availability of workers will enable them to cut down on overall cost of the products.

As part of its investment plan, Toray will also shift its Malaysia-based subsidiary, Pan Fabric Toray, to Bangladesh.


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Courtesy: Business wire

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