RAWALPINDI, Nov 22: Skill Development Council chairman Imtiaz Rastgar has urged the industrialists to adopt cost reduction strategies to improve their competitiveness and profit.

Speaking at the closing session of a two-day national training programme on “corporate training programme on cost reduction techniques for competitiveness and profit maximization” in Islamabad on Saturday, Mr Rastgar said that advanced countries were implementing these techniques for the past several years and making a headway in the global market.

Listing some of these techniques, he described outsourcing as the most popular technique in the West, which has provided labour cost advantages to them.

Referring to the role of Skill Development Council in meeting demands of skilled manpower, he said that the council had organised regular courses with the consultation of stakeholders, including many at factories premises.

The training programme, organised by the SDC, consists of a wide range of cost reduction tools, techniques and implementation plans.

It provides a new insight and an action plan for creating a globally competitive organisation to large and small production units.

About two dozen executives of industry attended the course and were also given certificates.