Hotline: 1800 102 2007
Search Business Opportunities

Dearth of skilled workforce:NSDC

India manufacturing needs more 40 million workforce

India's manufacturing sector requires about 40 million additional skilled workforce by 2020, said the National Skill Development Corporation (NSDC) Managing Director and Chief Executive Officer, Dilip Chenoy recently.

Chenoy told SME Times, "India will need about 90 million people in the manufacturing sector by 2022. The sector currently employs about 50 million people. Hence, there is an additional requirement of skilled workforce of about 40 million."

The government has recently approved the draft of National Manufacturing Policy that seeks to increase the share of manufacturing in the GDP to 25 percent by 2025 from the current 16 percent around.

Chenoy also added, "The manufacturing sector has been a significant contributor to the Indian economy. While 15 percent of India’s GDP comes from manufacturing and 50 percent of the exports are from the sector."

Pointing out further the major issues that needs to addressed to achieve the ambitious growth in manufacturing, he said, "There needs to be a significant capacity addition and infrastructure to be able to skill 90 million people."

He added, "The workforce joining the labour market every year lack the necessary skills requisite for immediate employment by the industry. Hence, there needs to be an industry-led initiative that will ensure quality of manpower produced."

In that case, the Sector Skill Councils (SSC) can play a very significant role here, Chenoy said.

NSDC has already incorporated sector skills council called Automotive Skills Development Council (ASDC), Security Knowledge and Skills Development Council (SKSDC), and Indian Energy Skill Development (IESD).

New councils in different sectors such as retail, media & entertainment, IT&ITES, Healthcare, electronics and hardware, etc, are also coming up soon.

Further, he mentioned that information on public domain pertaining to India’s labour market (example-: skill deficits, government schemes, etc), needs to be completed and updated on a regular basis.

Finally, the distinct skill requirements of both the organized and the unorganized sector are not being addressed effectively and adequately in the present scenario, he said.

Also, there needs to be some policy level changes relating to the creation of a robust co-ordination mechanism and development of a data base for vocational training including many others, Chenoy further added.

Related opportunities
  • Bakery & Confectionary
    About Us: Sugardough is the brainchild of Mr. Pravin Rao, who..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Others Food Service
    About Us: Tandoori Trumpets is a chain of casual dining restaurants..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us  WowFillss a brand of M/s Search Route is a..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Cambridge Montessori Pre School and Day Care is poised..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Central Delhi New Delhi
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts