New Delhi, Dec 3 (NationPress) The upcoming Labour Codes are set to establish a more robust, equitable, and inclusive workforce, stated Mansukh Mandaviya, the Minister of Labour and Employment, on Wednesday.

The ministry has initiated the enforcement process of rules under the enacted legislation and plans to release draft regulations for the four Labour Codes soon.

The four codes include the Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, which were officially announced on November 21.

"The working class is indeed the backbone of our nation, and prioritizing their welfare and social security is imperative. Every worker, entrepreneur, and industry plays a unique role in driving economic progress. These new Labour Codes are essential for creating a stronger, fairer, and more inclusive workforce," Mandaviya remarked during a discussion on labour reforms aimed at achieving a Viksit Bharat at a CII event.

He emphasized that the government is committed to enhancing the rights and welfare of workers.

"Our labour reforms extend beyond just consolidating labour laws; they are designed to provide every worker with the dignity and respect they rightfully deserve. The new Labour Codes will enhance health and safety standards, particularly in high-risk jobs, through annual health assessments and improved protections. Additionally, they guarantee that any worker who has served for a minimum of one year is entitled to gratuity," he elaborated.

To broaden social security coverage, the codes now also include gig and platform workers.

"According to the ILO, approximately 64% of our population is currently receiving at least one form of social security, positioning India among the leading nations in terms of social protection coverage," Mandaviya noted.

"Talent and skills are intertwined, and we must ensure they align with global demands. There is substantial international demand for skilled professionals from India, and our focus should be on systematically mapping and developing these capabilities," he added.

Rajiv Memani, President of CII, remarked that the new Labour Codes mark a significant advancement from the industry perspective.

"As we progress towards a Viksit Bharat, these reforms will play a pivotal role in attracting future investments. By streamlining procedures, lowering transaction costs, and enhancing the ease of doing business, we are bolstering India’s competitiveness and making it more appealing to global investors," he informed the audience.