News on Medial

ETtech in-depth: does India have the required manpower to become the electronics manufacturing powerhouse?

Economic Times · 5m

India's semiconductor and electronics manufacturing sector is expected to face a shortage of skilled workers in the next 18 to 24 months. The demand for trained shop-floor workers, purchasing managers, and engineers is projected to exceed supply. The industry currently faces a demand-supply gap of about 5:3 for skilled workers. The shortage is unlikely to be resolved soon, and higher education institutions and vocational training centers can only do so much. Companies and industries need to collaborate on initiatives such as setting up research centers and labs on educational campuses and participating in curriculum design. In addition, companies should explore untapped talent pools, offer flexible work options, and prioritize skills over credentials to attract a diverse workforce. Training programs and incentives from the government can also help bridge the skill gap in the sector.