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	<title>workforce development Archives - FolksTimes</title>
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		<title>States Urged to Prioritize State-Specific Logistics Policies to Drive Economic Growth and Global Competitiveness: Ministry of Commerce Report</title>
		<link>https://folkstimes.com/states-urged-to-prioritize-state-specific-logistics-policies-to-drive-economic-growth-and-global-competitiveness-ministry-of-commerce-report/</link>
					<comments>https://folkstimes.com/states-urged-to-prioritize-state-specific-logistics-policies-to-drive-economic-growth-and-global-competitiveness-ministry-of-commerce-report/#respond</comments>
		
		<dc:creator><![CDATA[Riddhima Thakur]]></dc:creator>
		<pubDate>Mon, 06 Jan 2025 10:04:03 +0000</pubDate>
				<category><![CDATA[corporate]]></category>
		<category><![CDATA[ECONOMIC GROWTH]]></category>
		<category><![CDATA[Electric Vehicles]]></category>
		<category><![CDATA[global competitiveness]]></category>
		<category><![CDATA[green logistics]]></category>
		<category><![CDATA[India logistics.]]></category>
		<category><![CDATA[logistics sector]]></category>
		<category><![CDATA[Ministry of Commerce]]></category>
		<category><![CDATA[multi-modal transport]]></category>
		<category><![CDATA[States logistics policies]]></category>
		<category><![CDATA[workforce development]]></category>
		<guid isPermaLink="false">https://folkstimes.com/?p=3018</guid>

					<description><![CDATA[<p>New Delhi [India], January 6: A new report from the Logistics Division of the Ministry...</p>
<p>The post <a href="https://folkstimes.com/states-urged-to-prioritize-state-specific-logistics-policies-to-drive-economic-growth-and-global-competitiveness-ministry-of-commerce-report/">States Urged to Prioritize State-Specific Logistics Policies to Drive Economic Growth and Global Competitiveness: Ministry of Commerce Report</a> appeared first on <a href="https://folkstimes.com">FolksTimes</a>.</p>
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<p>New Delhi [India], January 6: A new report from the Logistics Division of the Ministry of Commerce emphasizes the importance of States and Union Territories (UTs) in India prioritizing the development of tailored logistics policies to fulfill their unique development goals.</p>



<p>The report underscores the vital role of the logistics sector in driving economic growth and boosting India’s global competitiveness. To achieve their developmental aspirations, the Logistics Division has called on States and UTs to focus on initiatives that include the creation of logistics policies with clearly defined timelines for execution.</p>



<p>The logistics sector is key to enhancing the economic efficiency of both India and its individual States and UTs. To realize their specific development objectives, the report recommends that States and UTs design logistics strategies that cater to their particular needs, ensuring that implementation timelines are well-defined.</p>



<p>One of the major recommendations of the report is the establishment of robust institutional frameworks that would facilitate coordinated execution. Furthermore, adopting IT-enabled solutions such as real-time cargo tracking and automated processes are suggested to streamline operations within the sector.</p>



<p>Another critical area that the report highlights is workforce skill development. It stresses the importance of preparing a capable workforce to handle the evolving demands of the logistics sector. Additionally, incentivizing green logistics practices is seen as an urgent requirement to ensure the sector operates in an environmentally sustainable manner.</p>



<p>The report also calls for fast-tracking initiatives that aim to address capacity gaps in the sector. States and UTs are encouraged to set measurable goals and track performance through Key Performance Indicators (KPIs) and timelines. Key focus areas include reducing logistics costs, increasing the share of rail freight, and promoting the use of electric vehicles (EVs) in logistics operations.</p>



<p>The report further encourages the use of digital platforms, such as the Unified Logistics Interface Platform (ULIP), to facilitate seamless data sharing and coordination among logistics stakeholders. The promotion of multi-modal transport systems, backed by strategic investments in infrastructure and technology, is another key recommendation. This will not only help reduce logistics costs but also minimize the environmental impact of the sector.</p>



<p>Simplifying regulatory frameworks, allocating dedicated funds, and using real-time monitoring tools are other critical measures to tackle challenges in logistics policy implementation. The report also calls for regional customization, emphasizing that States and UTs should tailor their logistics policies according to their specific geographical and economic circumstances. For example, coastal States are encouraged to prioritize port modernization and export-import (EXIM) trade, while North-Eastern States are advised to focus on improving cross-border connectivity. Landlocked States should prioritize the development of multimodal logistics hubs.</p>



<p>By implementing these actionable steps, the report envisions a more efficient, sustainable, and globally competitive logistics ecosystem. Achieving these goals is expected to not only benefit individual States and UTs but also contribute to India’s overall economic growth, helping the country compete more effectively in the global market.</p>
<p>The post <a href="https://folkstimes.com/states-urged-to-prioritize-state-specific-logistics-policies-to-drive-economic-growth-and-global-competitiveness-ministry-of-commerce-report/">States Urged to Prioritize State-Specific Logistics Policies to Drive Economic Growth and Global Competitiveness: Ministry of Commerce Report</a> appeared first on <a href="https://folkstimes.com">FolksTimes</a>.</p>
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		<item>
		<title>India&#8217;s Electronics Sector Poised for Major Growth, Projected to Create 12 Million Jobs by 2027</title>
		<link>https://folkstimes.com/indias-electronics-sector-poised-for-major-growth-projected-to-create-12-million-jobs-by-2027/</link>
					<comments>https://folkstimes.com/indias-electronics-sector-poised-for-major-growth-projected-to-create-12-million-jobs-by-2027/#respond</comments>
		
		<dc:creator><![CDATA[Riddhima Thakur]]></dc:creator>
		<pubDate>Sat, 28 Dec 2024 17:05:38 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[AI jobs]]></category>
		<category><![CDATA[apprenticeships]]></category>
		<category><![CDATA[electronics industry]]></category>
		<category><![CDATA[India electronics sector]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[job creation]]></category>
		<category><![CDATA[manufacturing growth]]></category>
		<category><![CDATA[semiconductors]]></category>
		<category><![CDATA[skilling programs]]></category>
		<category><![CDATA[TeamLease]]></category>
		<category><![CDATA[workforce development]]></category>
		<guid isPermaLink="false">https://folkstimes.com/?p=2687</guid>

					<description><![CDATA[<p>India&#8217;s electronics industry is gearing up for a monumental transformation, with an ambitious target of...</p>
<p>The post <a href="https://folkstimes.com/indias-electronics-sector-poised-for-major-growth-projected-to-create-12-million-jobs-by-2027/">India&#8217;s Electronics Sector Poised for Major Growth, Projected to Create 12 Million Jobs by 2027</a> appeared first on <a href="https://folkstimes.com">FolksTimes</a>.</p>
]]></description>
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<p>India&#8217;s electronics industry is gearing up for a monumental transformation, with an ambitious target of reaching USD 500 billion in manufacturing output by 2030, as highlighted by a recent report from TeamLease. This growth would require the sector to expand fivefold in the next five years, bridging a significant USD 400 billion production gap. As of now, the industry&#8217;s domestic production stands at USD 101 billion, with mobile phones contributing 43 percent of this output.</p>



<p>Other major contributors to the current production include consumer electronics and industrial electronics, each accounting for 12 percent, followed by electronic components at 11 percent. Emerging segments such as automotive electronics, LED lighting, wearables and hearables, and PCBAs contribute the remaining share.</p>



<p>This ambitious growth trajectory is expected to create 12 million jobs by 2027, with 3 million of these being direct roles and the remaining 9 million in indirect positions. Among the direct jobs, nearly 1 million will be for engineers, 2 million for ITI-certified professionals, and 200,000 for specialists in high-demand fields like artificial intelligence (AI), machine learning (ML), and data science.</p>



<p>Indirect employment, largely focused on non-technical roles, will make up the majority of job opportunities, underscoring the electronics sector’s potential to spur economic growth and open a variety of career paths across India.</p>



<p>However, despite its optimistic outlook, the sector faces a major challenge: a critical talent gap. The shortage of skilled professionals is a key obstacle that could hinder the sector&#8217;s growth and its ability to meet ambitious production targets. Bridging this gap is vital for India to strengthen its position in the global electronics supply chain.</p>



<p>The solution lies in aligning workforce skills with the specific needs of the industry, particularly in high-demand areas such as semiconductors, electromechanical parts, and both passive and active components. This requires targeted skilling programs to fill the talent gap and ensure that India’s workforce is well-prepared to support the sector’s ambitious goals.</p>



<p>AR Ramesh, CEO of TeamLease Degree Apprenticeship, emphasized the need for focused skilling initiatives, noting, &#8220;Scaling apprenticeship enrollments, currently growing at a 55 percent compound annual growth rate (CAGR) and projected to reach 1 million apprentices by 2027 and 2 million by 2030, will be essential in creating a robust talent pipeline.&#8221;</p>



<p>He further added, &#8220;To become a global leader in electronics manufacturing, India must combine skilling efforts with strategic investments in infrastructure, policy interventions, and innovation.&#8221;</p>



<p>Sumit Kumar, Chief Strategy Officer at TeamLease Degree Apprenticeship, stressed the importance of building capacity to meet the growing demand for skilled professionals. &#8220;Employers and industries can support this initiative by setting up in-house training centres and collaborating with academic institutions through Work-Integrated Learning Programs (WILP) and degree apprenticeships,&#8221; he explained.</p>



<p>The path to India’s vision of becoming a global leader in electronics manufacturing requires a multifaceted approach. This includes boosting ITI enrollment, establishing in-house training centres, and expanding apprenticeship opportunities. Additionally, scaling reskilling and upskilling programs for over 50 percent of the workforce will be critical to bridging the skills gap and enabling sustainable growth.</p>



<p>In conclusion, the Indian electronics sector stands on the cusp of rapid growth, and with the right investments in skilling, infrastructure, and policy, it has the potential to become a global leader in manufacturing. By focusing on capacity building and industry-academia partnerships, India can successfully navigate the talent shortage and continue its journey toward becoming a major player in the global electronics supply chain.</p>
<p>The post <a href="https://folkstimes.com/indias-electronics-sector-poised-for-major-growth-projected-to-create-12-million-jobs-by-2027/">India&#8217;s Electronics Sector Poised for Major Growth, Projected to Create 12 Million Jobs by 2027</a> appeared first on <a href="https://folkstimes.com">FolksTimes</a>.</p>
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