The Employees’ Provident Fund Organisation is proposing to set up consultancy offices and service centres in Latin America and Africa, as it seeks to expand its footprint outside the country, reported The Economic Times.
It is also looking to rope in global experts to help it become a leaner organisation.
A top government official said that the EPFO is looking to align itself with international benchmarks and a detailed roadmap has been drawn up for the next two and-a-half decades to enable it to become a global social security provider.
“By 2037, EPFO aims to have a strong presence and service centres in Asia and the Pacific followed by setting up consultancy offices in Latin America and Africa,” the official said.
The idea is to help smaller countries to develop their own social security for their workers, much on the lines of the Indian social security system, which has been successfully established over the last 70 years, the official added.
The long-term vision for EPFO has been approved at the top level and discussions will be held with stakeholders to take the idea forward.