'Corporates must invest in skill development'

Corporate India needs to chip in for skill development as an estimated five million jobs will be created in India in the next five years, commerce secretary GK Pillai has said.

NEW DELHI: Corporate India needs to chip in for skill development as an estimated five million jobs will be created in India in the next five years, commerce secretary GK Pillai has said.

Inaugurating the `Big Leap Jumbo Job & Professional Education Fair’ organised by TimesJobs.com and ITPO in New Delhi on Friday, Mr Pillai said that with 30m job vacancies estimated to be created globally in the next 15 years, it is vital that Indian youth is imparted technical and job-oriented skills.

“It is not enough to just have a BSc or BCom degree. Technical skills are important for a youngster to fit into the job market,” Mr Pillai said.

The secretary added that it is in the corporate world’s interest to invest in skill development as this would ensure a pool of trained manpower to work for them. “Corporates should follow the Infosys example and invest in education,” he said.

Appreciating the Times Group’s efforts in organising the job fair, Mr Pillai said that it was an excellent opportunity for job hunters and potential employers to come together under one roof. The fair, which will be on for three days, is expected to attract more than 75,000 job seekers. As many as 65 companies are participating in the fair which includes big names like NIIT, HCL BPO, HDFC, Vertex, Citi Financial, Aegis BPO and Intouch Solutions. TimesJobs.com has conducted over 400 job fairs across sectors all over the country with resulting in 1.2 lakh job offers.
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