Dhaka, Nov. 3 -- The government has approved a proposal to extend the renewal period for factory, shop, and establishment licences issued by the Department of Inspection for Factories and Establishments (DIFE) from one year to five years.

The change, introduced in the draft amendment to the labour law and recently cleared by the advisory council, is intended to ease regulatory pressure on businesses and inspectors alike.

While factory owners have welcomed the move as a step towards cutting red tape and saving both time and money, a section of DIFE inspectors has reportedly opposed the change, citing concerns over compliance and job implications.

According to the draft amendment, all factory, shop, and establishment licences will now be...