He said that while some demands such as containing inflation and generation of employment opportunities were "unexceptionable", the government was already at an advanced stage for considering an universal social security cover for workers in both organised and unorganised sectors.
"Our government has paid very serious attention to the issues that trade unions have raised from time to time. The recent two-day strike by trade unions focused on a number of issues relating to the welfare not only of the working classes but also the people at large," Singh said inaugurating the 45th session of Indian Labour Conference here.
These include demands on which there could be no disagreement such as demands for concrete measures for containing inflation, for generation of employment opportunities, for strict implementation of labour laws were unexceptionable, he said.
"There can, however, be differences on the best ways of fulfilling these demands and we are willing to engage constructively with the trade unions in this regard," the Prime Minister said.
He said the government was also considering fixing a national floor-level minimum wage and provision of minimum pension of Rs. 1000 per month under the Employees' Pension Scheme.
The Prime Minister was confident that "soon we will see some forward movement" on some other issues which require further dialogue, for which the government has set up a Group of Ministers under the Finance Minister.
Noting that the economy was going through difficult circumstances and "our growth is not what we would like it to be", he sought enhanced partnership among the industry, trade unions and state governments to strengthen the economy and the society.
"Even as the government works for reversing this situation (the economic slowdown) and I am confident we can do so and we will do it, we need the cooperation of both captains of industry and our trade unions," he said.