By | Rica Bhattacharyya & Prachi Verma, ET Bureau
Why Make in India may be the answer to India’s unemployment puzzle
Job placement firms expect the government’s renewed push to manufacturing through its Make in India programme to start generating new employment opportunities in the next few months. The government hopes to create a 100 million new jobs by 2022.
The firms estimate that 7.2 lakh temporary jobs are likely to be created in the next one year. It would add 8-13 per cent to the current jobs pool as investment into manufacturing, engineering and related sectors rise. They say the Make in India initiative has led to an increase in hiring in these segments as well as e-commerce and Internet-related sectors.
“Skill development has gained enormous traction with Make in India. The plan to create 100 smart cities is also expected to fuel job growth,” says Rituparna Chakraborty, co-founder of TeamLease Services.
Estimates also suggest that refocusing on India’s traditional occupations would potentially create 10 million jobs a year. For instance, the Indian Leather Development Programme trained 51,216 youth in the past 100 days and it plans to train 1,44,000 young persons annually. Four new branches of Footwear Design & Development Institute — at Hyderabad, Patna, Banur (Punjab) and Ankleshwar (Gujarat) — are being set up to improve training infrastructure. The industry is undergoing acute skill shortage and most of the people trained are being absorbed by the industry.