New Delhi The Planning Commission on Monday said that there was a need to make labour laws flexible to attract greater investment and would create more jobs.
"We need to understand that hire and fire is not on the Government's agenda but labour flexibility is needed to ensure employment. We do believe that we need more flexibility in labour laws," Commission Deputy Chairman Montek Singh Ahluwalia said while addressing the Employment Summit organised by the CII.
Advocating for flexibility in employment, Ahluwalia said, investments were likely to move more where labour laws were flexible.
He, however, cautioned that the country cannot follow degrees of flexibility, which was not in vogue with the rest of the world.
Emphasising on elasticity of employment, Ahluwalia said there was an express need to shift excess labour from agriculture to non-agriculture sector, besides increasing the share of labour in the organised sector.
He said skilled labour would increasingly be required by the organised sector and pointed out that the Prime Minister Manmohan Singh has asked the plan panel to finalise the Skill Development Mission.
“The government has decided to upgrade 500 ITIs instead of 100 ITIs slated earlier and negotiations were on with the World Bank in this connection,” Ahluwalia said.
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