Automotive Sector to Create Over 10 million Jobs

- Advertisement -

Minister of State for Skills and Development Rajeev Chandrasekhar recently declared that the automotive industry and the automobile sector in India have the potential to create over 10 million jobs for the youth in the coming 5-6 years. He was present at the signing of a memorandum of understanding between the Automotive Skills Development Council and Toyota Kirloskar motors. At the signing, the minister announced that about 40 per cent of the automotive industry-related research and development is accomplished in India and with the expansion in the use of electronics in automobiles, the country is expected to become the leading centre hub for the sector.

“Auto-sector in India represents a huge opportunity in the next 5-6 years. It is expected that we will create not less than 1 crore jobs for youth in another 5-6 years. It is a very fast-growing segment for our manufacturing economy,” Minister of State for Skills and Development Rajeev Chandrasekhar said.

Minister of State for Skills and Development Rajeev Chandrasekhar also added that it is necessary to urge all manufacturing companies, be it mobile phones, laptops, etc to partner with National Skill Development Corporation and give relevant practicum to youth to fulfil Prime Minister Modi’s wish of making India a hub of skilled force for the world, and achieving the full status of Aatmnirbhar Bharat. As part of the memorandum of understanding, Toyota Kirloskar Motor plans to instruct 18,000 technicians in automotive skills by 2024.

- Advertisement -

Toyota Kirloskar Motors country head and executive vice president of corporate affairs and governance, Vikram Gulati enunciated that the company has already trained 10,000 youth across the country. “We have 56 training centres across 21 states where we have already provided skilling to 10,000 youth to date. Under the agreement with ASDC, we want to expand centres pan-India to train 18,000 youth by 2024. We are confident that we will be able to train more than this. We will expand centres in North East, Jammu and Kashmir and Chhattisgarh,” Vikram Gulati said.


 

- Advertisement -

Most Popular Articles

Nishchay Pandey
Nishchay Pandey
Bioengineer with a knack for writing, I love IoT, Open-source and creativity.

PM Modi Inaugurates SEMICON India 2024, Discusses India’s Potential

0
With already poured ₹1.5 trillion in the sector, Prime Minister Modi’s inaugural speech at the SEMICON India 2024 was all about India’s trail towards...

L&T Plans $300M For Fabless Chip Venture In India

0
Focusing on the automotive and industrial sector, Larsen & Toubro is on the way of establishing a $300 million fabless semiconductor firm in India,...

Honeywell Installs 1.4MWh Battery System To Decarbonise Lakshadweep

0
Aiming to reduce carbon emission in the Lakshadweep Islands, Honeywell has deployed a 1.4MWh battery storage system for Solar Energy Corporation’s project there, marking...

India Must Prioritize Producing Semiconductors Domestically To Reduce Imports

0
The country must become self-reliant in growing the production of critical automotive components, or vehicles will continue to be expensive in the coming years. It's...

BYD India Launches eMAX 7 Electric MPV, Succeeds e6

0
BYD India has launched the eMAX 7, a new electric multi-purpose vehicle (MPV) aimed at environmentally aware families, replacing the BYD e6. BYD India, a...
Pradeep Palelli co-founder and CEO of Thanos Technologies

“Drones Represent High Technology And Are High-Ticket Items” – Pradeep Palelli, Co-Founder and CEO...

0
Three thousand – not a nod to Iron Man's love for his daughter, but the annual production capacity of spraying agri-drones at Thanos Technologies’...
Ratul Borah, Founder & CEO, Elecnovo

“Our Patent Technologies Contribute To The Advancement Of EV Industry” – Ratul Borah, Founder...

0
During an interaction with Nitisha Dubey from EFY, Ratul Borah of Elecnovo Private Limited, talks about his patent technologies and future growth strategies… Q. Please...
Mukesh Vasani, CEO, Aimtron Group

“30-40% Of Our Operations Are Outside India, But We Are Working Towards Greater Self-Reliance”...

0
In a conversation with EFY’s Nitisha Dubey, Aimtron Group CEO Mukesh Vasani highlighted key manufacturing features and global expansion strategies. Q. What milestones mark Aimtron...

“Think E2W Market Is Crowded, Then Look At The E-Rickshaw Market!” – Gopal Jaidka,...

0
There are over 150 brands claiming to manufacture electric two-wheelers in India, with new ones continually entering the fray. Is this saturation, or is...

“We Aim To Create One Village-Level Drone Entrepreneur And One Agri-Entrepreneur Across India” –...

0
Being essential in agriculture, drone operation is not an amateur’s job. In a discussion with EFY’s Nitisha, Preet Sandhuu, Co-Founder of AVPL, discusses the...

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

OLA’s AI Venture Krutrim To Release Silicon Chips

0
Ola’s Krutrim partners with Arm and Untether to manufacture AI silicon chips, with plans to integrate them into electric scooters. Krutrim, the AI startup founded...
Sharath Shyamasunder, Founder and CEO of The Startup Zone

“Unfortunately, Many Startups Are Not Aware Of The Policies”

0
Should startups funnel their funding and investments into their existing bank accounts, or is it wiser to open a separate one? What are the...

Industry's Buzz

Learn From Leaders

Startups