Unemployment may cripple economic growth, says skill minister

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SME Times News Bureau | 20 Jan, 2018

Unemployment is the biggest challenge that could restrict India's growth, said Union Minister of State for Skill Development and Entrepreneurship Anantkumar Hegde on Friday.

"Only 7 per cent of the Indian engineers are capable of handling core engineering tasks... This is the biggest challenge and could limit the growth that India is aiming to achieve," the Union Minister of State for Skill Development and Entrepreneurship said.

The minister said this while speaking at the foundation stone laying event for the Centre of Excellence for Aerospace Design Training in Bengaluru.

Commenting on the aerospace and aviation industry, he said that it is a budding industry in India which is gradually realising the potential and extent of it.

The aerospace design training centre, to be set up by a German multinational company P3 Engineering and Consulting, along with the National Skill Development Corporation, expects to train over 10,000 engineering graduates over seven years once it is ready.

The $5-million centre would train techies over topics like aero-structures, avionics, aerodynamics, etc.

In order to address the shortage of skills in the country, each state would soon have an Indian Institute of Skills, the Minister said.