As per the National Skills Mission, 500 million professionals would need to be skilled by 2022 to make them employable. The Indian Engineering service Industry currently employs about 3 million people directly and about 9 million indirectly. As per the NASSCOM Perspective 2020 report, the industry has a potential to contribute to, as much as, 30 million employment opportunities (direct and indirect) by 2020.
The need is to focus on developing ready-to- deploy talent by laying standards for skill requirements in the Engineering Industry. These requirements merit defining consistent standards of performance and quality and standardizing recruitment procedures. With this in mind, Hypersonic Tech Solutions has come up with the Engineering training & skill development program, recruitment strategy, HR solutions and Engineering design service road map.
Indian Engineering and R&D sub-sector have played a key role in accelerating innovation and Growth in establishing India as a design and innovation hub. This was primarily driven by increased competitiveness and competitive markets, and a gradual decline of skilled engineering workforce in the developed economies.
With increasing Engineering skill gap in India, Hypersonic Tech Solutions has significantly come up with matured and evolved skill development and Engineering Training program over the last few years, reflecting not just process maturity, but also a focused upward movement in the Technology value chain through training service diversification and enhanced Product Engineering services with a view to sustain global partnerships and compete with global skill development program.
Some of the key factors responsible for this as follows:
- Continuously expanding services portfolio encompassing the full spectrum of product Development value chain.
- Flexible business models ranging from outsourcing services to partnership arrangements with clients.
- Developing large Engineering talent pool.
- Established relationships Industry, Academia and Training Institute.
Growth in local markets is predicted that the Indian Engineering subsector will reap between $37 billion and $45 billion by 2020/2025 and is likely to provide livelihood to over one million employees.
A focused strategy, involving key strategic initiatives is expected to see the Indian Engineering sub-sector reach its target of USD 40-45 billion. For this to happen, various stakeholders must work together to encourage Innovation and R&D work and contribute to emerging areas like Advanced Engineering Training, product Engineering, support infrastructure and so on.
Hypersonic Tech solution skill development & Engineering Design program is strategic to India, and it has the potential to bring a steep change in the economy and meet Engineering skill requirement for 2022. The strategic planning, execution & building focused development of Ecosystem to develop in Engineering and R & D have the potential to transform India into a globally competitive Engineering and Research & Development powerhouse, and make it a key growth driver over the next decade.