Eight MoUs have been signed for skilling of workforce for Industry 4.0. Similarly, 14 agreements were inked with the Kaushalya Skill University for skill requirements for global future workforce with an aim to prepare workforce for Industry 4.0, he said.

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He was speaking at the Vibrant Gujarat Summit in Gandhinagar. He assured the Global Semicon industry of the government s focus on skilling. He recounted India s partnerships with 104 universities for ensuring B.Tech, M.Tech and Ph.D. level talent for the industry.

The partnership will include experiential education and training programs focused on cultivating a highly proficient, globally competitive pool of talent with diverse and sustainable engineering career paths and is aligned with the Ministry of Electronics and Information Technology’s India Semiconductor Mission (ISM) for capacity development.

Pradhan said that the country needs to reimagine the entire skilling scenario. Meanwhile, Union minister for electronics and information technology Ashwini Vaishnaw said that as many as 104 universities and institutions are offering courses, including doctoral studies, on semiconductors.

India also offers a large pool of talent and revenue growth opportunity, which will further expand with the advent of AI and GenAI, NTT Global Data Centers chief executive and president Doug Adams said while launching the company s first data centre in Noida, Uttar Pradesh on Thursday.

They are tasked with developing PwD friendly learning resources adhering to prescribed standards, monitoring and evaluating the implementation of guidelines, and advocating for the importance of skilling persons with disabilities. Additionally, awarding bodies must ensure that training centres have accessible infrastructure and at least five per cent of candidates nominated for skill training are persons with disabilities, promoting a culture of inclusivity, the guidelines said.

Rising costs amidst global economic shifts is the top concern for 58 per cent of SMEs as they also face workforce challenges, said ACCA (Association of Chartered Certified Accountants) in its latest survey report on Thursday.

He mentioned that under the leadership of the Prime Minister, the Gujarat model of development has become a guide for states skilling efforts to realise the vision of Viksit Bharat @2047. He added that the NEPled synergies in the education and skill ecosystem will make the Yuva Shakti of the country future ready.

Some industry leaders have also been critical of the inability of corporates to groom inhouse talent for top jobs, being forced to turn to external candidates in the light of that, boards have been paying closer attention to ensure a second line of talent is ready and available for the leading roles

The Boxing Federation of India (BFI), in association with power company REC Limited, will organise the Western Open Talent Hunt Programme at the Army Sports Institute in Pune. The competition for the elite and youth categories will take place from January 12 to 19.

Banks will have to work on unlocking their data and recruiting inhouse talent rather than relying on outsourcing if they want to fully leverage AI, experts said. Most of the banks in India at least have built a fairly good amount of capabilities on the traditional AI front and have at least a few set of use cases that are already implemented, said Vipin V., managing director and partner, BCG.

In an exclusive interview with BW Businessworld, Shekhar Bajaj, the Chairman & Managing Director of Bajaj Electricals, sheds light on the strategies that have steered the company through transformative phases. From the strategic demerger of Power Transmission and Distribution to the expansion of consumer brands and impactful skilling initiatives, Shekhar Bajaj provides an exclusive glimpse into the initiatives shaping Bajaj Electricals presence in the market.