An increasing number of companies are relocating/establishing their manufacturing base or their backoffice hub in India. Some of them are also setting up their R&D centers in India to leverage on the latters lowcost skilled workers. Many companies are realizing the benefits of setting up offices here. But, of late, the pace of the number of companies coming to India has increased, and the companies already existing in India are expanding their operations, adding to their headcount.
Though
India has an abundant supply of manpower, there is a severe
shortage of skilled and talented workforce. Most of the students
coming out of colleges every year are not employable because
of their inability to fulfill the stipulated standards required
by the organizations. Except some good institutes, lack of
adequate infrastructure in universities and educational institutions
and nonavailability of expert faculties are some of the factors
responsible for students' inefficiency to fit into the jobs
available.
Despite
many schools and institutions using English as the medium
of education, people with acceptable levels of spoken English
have also become scarce. Spoken English is a key factor in
the outsourcing industry, which is expected to face a shortage
of Englishspeaking professionals, with a large number of
outsourcing contracts coming to India. Nasscom foresees a
shortfall of skilled workers for the IT and BPO industries
in the next five years. While these sectors together employ
seven million people at present, the shortage is expected
to be nearly 2,06,000 skilled workers by the year 2009.
The
aviation sector is also witnessing a lot of activity with
around 450500 new aircraft likely to join the sector in the
next five years. The industry is already facing a shortage
of pilots, and an additional 2,000 pilots, 10,000 engineers
and logistics staff will be required to fill up the positions
generated by the proposed fleet induction. Also, there is
a scarcity of aviation training institutions and facilities.
Moreover, the new airline operators do not have training institutes
of their own. The high expenditure involved and the minimum
time available to become a pilot are also aggravating the
problem. |
