Page 2 - Indian Workforce

Quality workforce, investment in R&D essential to become 'developed nation'

To bolster its goal of becoming a developed nation by 2047, India needs to substantially increase the size of its quality workforce and investment in R&D in science and technology, including by the private sector, a top Indian official has said. In an interview with PTI on the sidelines of the PANIIT 2024 meeting in a Maryland suburb of Washington DC, Abhay Karandikar, Secretary, Department of Science and Technology, said that one of the key challenges that India has is shortage of trained manpower in R&D sector and "that requires to be enhanced substantially. Given the size and scale of our country, we need a large number of quality R&D workforce to drive the science and technology landscape of the country, he said. Another thing is that we need substantial investment in the R&D sector as a percentage of our GDP, which has been really much lower than the world average, Karandikar said in response to a question. India has taken the initiative to set up a very ...

A sense of collective achievement prevailed, says L&T's S V Desai

S V Desai, whole-time director & senior executive vice-president (civil infrastructure), L&T, talked about the challenges and learnings from executing India's longest sea bridge

Vibrant Gujarat Summit: Investment push to create employment opportunities

Gujarat's commitment to progress is evident not only in its thriving economy but also in employment statistics, with the state having the labour force participation rate of 44.3 per cent and worker population ratio of 43.3 per cent for all age groups, officials said. The Gujarat government's thrust to create opportunities and foster a thriving workforce is evident in its numbers and expert analysis. May be other states can adapt this model to lower their unemployment numbers, Chief Minister Bhupendra Patel said at a function recently. Gujarat's unemployment rate of 2.2 per cent is considerably lower than the national average of 4.2 per cent, thanks to the conducive investment environment created by the government that adds to job creation, as per government data. More than 2,700 Memorandums of Understanding (MoU) signed by investors with the state government so far in the run up to the Vibrant Gujarat Global Summit to be organised from January 10 to 12 have the potential to generate

India is world's emerging workforce, says Tata Sons Chairman Chandrasekaran

At 16th JRD Tata oration, N Chandrasekaran highlights the role of Indian youth in global development and the importance of education, healthcare, and digital inclusivity

79% employers looking to sustain or increase their workforce in H2FY24

Both new hires, at 79 per cent, and replacement hires, at 74 per cent, are occurring rapidly, indicating a flourishing labour market in the country

India's growth to be led by women, says NITI vice-chairman Suman Bery

The remark assumes significance as the ruling Bharatiya Janata Party has been pushing for women's empowerment as a major agenda in the run-up to the 2024 Lok Sabha elections

India's workforce faces rising medical inflation, reveals report

The report also revealed nearly 59 per cent skip their annual health checkups, while 90 per cent neglect regular doctor consultations to monitor their health

'Micro-firms' could be holding back women from finding employment: Study

Research finds that increasing company size directly increases female participation in the workforce and amending labour laws and policies can help improve gender inclusivity

No incentives for industrial units that do not have 80% locals: Himachal

Industrial units not abiding by the government's directive to have 80 per cent locals in their workforce will not get any incentive, Himachal Pradesh industry minister Harshwardhan Chauhan said on Friday. About 81 per cent of Himachalis are working in the 27,719 industrial units functional in the state. At present a total of 2,28,977 workers have been employed in these units, out of which 1,86,289 workers are from Himachal, Chauhan informed the state assembly while replying to a question of K L Thakur (MLA from Nalagarh) and Inder Dutt Lakhanpal (MAL from Barsar). He said that 80 per cent bonafide Himachalis would be engaged in the industrial enterprises as per the criteria of Himachal Pradesh Industrial Investment Policy-2019. The percentage of Himachalis is 72.60 per cent in Baddi Barotiwala Nalagarh industrial area where 94,560 workers are working in 2,714 industrial units, he added. Hoshyar Singh, independent MLA from Dehra, said that the locals are not given employment in the

As employees return to office, cigarette demand may rise by 7-9% in FY24

Return of a large number of workforce to offices, coupled with a stable tax regime, is likely to push up cigarette demand by 7-9 per cent this fiscal, according to a report. Cigarette volumes saw an 18 per cent rebound in the last fiscal after the pandemic hit demand in the previous two financial years, the report by Crisil Ratings said on Thursday. Going forward, volume growth is expected to move closer to the long-term average of 5 per cent, the rating agency said in the report. On the other hand, profitability of manufacturers is likely to remain strong despite input cost pressures in FY24 as they focus on premium cigarettes and hike prices in select categories, the report said. Healthy balance sheets will support credit profiles, the report, which is based on an analysis of cigarette manufacturers accounting for over 90 per cent of the organised segment's sales volume, said. Anand Kulkarni, a Director at Crisil Ratings, said physical occupancy at the workplace plays a signific

Dunzo defers employee salaries for June and July yet again to November

The startup had previously deferred the June and July salaries of over 50 per cent of its workforce of 1,000 to the first week of September

Share of AI/ML in telecom firms' workforce rises to 20% on 5G rollout

By the end of financial year 2023-24 (FY24), the proportion of AI/ML-led jobs is seen to reach 23 per cent

Forging hope amidst closure: New beginnings for GM's Talegaon Plant?

The workforce at the facility holds onto aspirations of resurgence, hopeful for opportunities with Hyundai's asset transfer deal

Expleo to double workforce in India, hire 5,000 people in 2.5 years: MD

French IT company Expleo's Indian arm plans to more than double its workforce in the country by hiring around 5,000 people over a period of two-and-a-half years, a senior official of the company said. Expleo Solutions CEO and MD Balaji Viswanathan, who heads India business, told PTI that the company sees growth primarily on account of expansion of business in the US. "The company aims to hire an additional more than 5,000 people over the next two-and-a-half years, including a focus on hiring fresh graduates. While other larger players are slowing down on hiring fresh graduates, the company believes it will provide future growth acceleration. The expectation is to double the current workforce of around 4,700 people, reaching a little over 9,700 employees," he said. Expleo works with multiple industries on a global scale, with a primary focus on aerospace, automotive, and transportation. Aerospace accounts for about 40 per cent of Expleo global business, automotive 35 per cent, ...

India becoming hub for technology workforce of GCCs: Sarah Pearse

Insurance giant Marsh McLennan is expanding its team in the country, say senior executive of the group

50% of gig workforce interested in full-time employment, says report

A half of the gig workforce surveyed is interested in full-time employment with stability a major concern among them, according to a report. Over 50 per cent of gig workers, also known as temporary workers, who were a part of the survey, said they will eventually pursue full-time employment, according to the report by staffing firm Ciel HR Services, which was released on Friday. The report is based on a survey of 1,200 white-collar gig workers from over 400 organisations across sectors in the country. While gig work has gained popularity as an alternative form of employment, it appeared that a considerable number of them view it as a temporary or transitional phase in their careers, with the intention of eventually securing a permanent, full-time position, the report added. It said 41 per cent men and 40 per cent women respondents shared a strong interest in working on different projects. This suggested that gig workers, regardless of gender, appreciate the opportunity to engage i

ELGi Equipments brings all-women workforce at 2 assembly lines in TN unit

Elgi Equipments Ltd, manufacturer of air compressors, has introduced assembly lines at its unit in Tamil Nadu entirely operated by women workforce, the company said on Tuesday. The Coimbatore-based company, in a statement, said it reiterates commitment towards building a gender-diverse, inclusive workforce through women empowerment and skill development. Twenty women employees would be managing the air-end assembly line, encapsulated air-end assembly line and the ELGi new generation compressor top block assembly line at the company's ELGi Air Centre in Coimbatore. After obtaining graduation on a three-year technical training programme comprising modules on machining, welding, electrical work, engineering and production technologies at ELGi Vocational Training School, the women candidates were directly recruited at the facility, ELGi Equipments said. "In line with ELGi's focus on fostering a safe and healthy work environment, every woman working on the shop floor has received ...

Amid global challenges, India a silver lining: HUL's Nitin Paranjpe

He said there were five factors that would help India in its growth journey

Urban Company to have 30% women in leadership, senior roles by 2025

In 2022, the company invested Rs 72 crore in training and upskilling its partners

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