EMERG­ING Future Trends

Assocham Bulletin - - ECONOMY -

In­dia, the world's fastest grow­ing econ­omy, needs skilled labour to trans­form it into a de­vel­oped econ­omy. Every year youth in huge num­bers en­ters the labour force but there is a gap that needs to be filled to pro­vide job spe­cific skills. So there is a need for the govern­ment to fo­cus on a core as­pect of cre­at­ing em­ploy­ment op­por­tu­ni­ties along with de­vel­op­ing a skilled work force.

This was high­lighted by Mr. Ban­daru Dat­ta­treya, Union Labour and Em­ploy­ment Min­is­ter, dur­ing the ASSOCHAM sum­mit on '2ndAuto Fo­rum & Awards 2017', held on July 6, 2017.

The govern­ment plans to cre­ate 65mil­lion jobs by 2026and urged the in­dus­try to fo­cus more on so­cial se­cu­rity of em­ploy­ees to in­crease pro­duc­tiv­ity.

Mr. Girish Shankar, Sec­re­tary, Min­istry of Heavy In­dus­tries & Pub­lic En­ter­prises said, "there is a huge gap, which the auto in­dus­try must ad­dress to en­sure 'Make in In­dia' is re­ally cre­at­ing and de­vel­op­ing in In­dia. The Orig­i­nalEquip­men­tMan­u­fac­turer (OEM) need to make sub­stan­tial in­vest­ments in en­gi­neer­ing R&D for de­sign­ing and de­vel­op­ing in In­dia, sothat In­dia truly grad­u­ates to an auto en­gi­neer­ing hub rather than con­tinue to be a place to man­u­fac­ture to prints only."

"We re­quest the auto ma­jors to con­sider this se­ri­ously and fast enough. Also, sug­gest to us as to how to sup­port this through an ap­pro­pri­ate pol­icy frame­work. We are al­ready work­ing to­wards this di­rec­tion", said Mr. Shankar. Depart­ment of heavy in­dus­tries, be­ing the ad­min­is­tra­tive min­istry for the au­to­mo­tive in­dus­try, has onus of lead­ing and steer­ing the pol­icy align­ment for the in­dus­try to meet the ex­pec­ta­tions to­wards Green Mo­bil­ity in In­dia, he added.

"We have fi­nalised the net Au­to­mo­tive Mis­sion Plan (AMP) 2016-2026. AMP 2026 is, as was the case for the pre­vi­ous one, a com­bined ef­fort of the govern­ment of In­dia and the in­dus­try to chart a growth path that we­jointly seek to achieve." It also seeks to de­fine the tra­jec­tory

The govern­ment plans to cre­ate 65 mil­lion jobs by 2026 and urged the in­dus­try to fo­cus more on so­cial se­cu­rity of em­ploy­ees to in­crease pro­duc­tiv­ity.

Mr. Ban­daru Dat­ta­treya, Min­is­ter of State (lIC) for Labour & Em­ploy­ment in con­ver­sa­tion with R,5, Kalsi, Chair­man, ASSOCHAM Na­tional Coun­cil on Auto and Auto An­cil­lar­ies, Also seen Mr. Girish Shankar, Sec­re­tary (Heavy In­dus­tries), Min­istry of Heavy In­dus­tries & Pub­lic En­ter­prisend Mr. San­deep Ja­jo­dia, Pres­i­dent, ASSOCHAM.

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