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The CII Southern Region HR Summit today highlighted the need for skill upgradation to brace for new challenges as India seeks to play a bigger role in the global economy.
Ramachandra N. Galla, Chairman of Amara Raja Group and Vice Chairman of CII Andhra Pradesh, said India has the potential to play a much bigger role in providing highly skilled professionals taking advantage of the demographic advantage of young population.
He said with over 750 million population below the age of 35 years, India has the advantage and needs to work towards capitalising this. This is possible by skill upgradation and a bigger role by companies who can bring about inclusive growth.
He spoke on establishing Amara Raja Batteries in Tirupati without local talent to handle the manufacturing capability and that it took about 10 years for business to gain momentum. He added that it called for a lot of effort from the company in training local people to gear themselves for the new work opportunities.
Nrupender Rao, Chairman of Pennar Industries and Vice Chairman of CII Telangana, said one of the biggest challenges for India is to improve productivity per employee. While the software professionals seem to have matched their counterparts in the West and possibly doing better in terms of output, the manufacturing sector lags way behind in India.
“To address this issue, we need to improve skills for existing employees and also re-skill and upgrade skills of human resource professionals,” he said.
Quoting management guru Peter Drucker, he said, “There is no underdeveloped country in the world, there are only under managed ones.”
With long term projections showing India as poised to emerge the largest economy in the world by 2050, outpacing both US and China, he said skill upgradation was the main issue that would take India through to achieving such growth.
Uma Devaguptapu, Convenor, CII Telangana HR panel, highlighted how the Indian Women Network is rapidly growing across the country and its presence is set to become pan-India soon.
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