All India Management Association-IndianOil 33All India Management Association-IndianOil 33 rdrd National Competition For Young ManagersNational Competition For Young Managers

Team:1)Gaurav Shukla 2) Sanjay Rathore

3) Rajesh K. Mishra

“Seventy Million Employable Indians: Strategies for Global Competitiveness”

Presented : July 2007

Seventy Million Employable Indians: Strategies for Global Competitiveness

Globalization 1.0 Countries

Globalization 2.0 Companies

Globalization 3.0 Individuals

Seventy Million Employable Indians: Strategies for Global Competitiveness

Why we need global competitiveness?

Life-long employment with a single employer will not be possible

Wealth creation is shifting from a resource to a knowledge base.

Global free trade is eliminating barriers among the countries

Seventy Million Employable Indians: Strategies for Global Competitiveness

Factors affecting human growth

EducationEnvironment

Infrastructure

Resources

SkillsHuman Resource Development

Our target

StrategiesStrategies

How we How we intend tointend to deliver… deliver…

StrategiesStrategies

Database

Two parts in database

A. Edited by individual

B. Edited by concern organization

StrategiesStrategiesVenture Capitalist firms

Optimum amount of pressure needed to get best from people

Encourage people to do experiments

Provide opportunity and management support

Even if we have idea, we cannot put it into reality due to lack of fund and Management support

Concentrate on college pass out as they have many new ideas and energy for creativity

StrategiesStrategiesRegular honing of skills

Regular training of the people so that they can update themselves with latest technology and developments

Provide infrastructure so that we can train the people with latest updates in human resource developments

Few management institutes/business schools, certification agency, headhunting firms and relocation service

StrategiesStrategiesApprenticeship & Self-Employment

Job training is necessary to reflect the fact that hands-on experience counts

University and college `book learning' is simply not sufficient for a globally competitiveness

Accelerate the trend towards apprenticeship training at the same time a trend to self-employment needs acceleration

StrategiesStrategiesVocational Education & Training (VET) & Enterprise Skills Education (ESD)

Syllabus of VET and ESD needs revamping, the scope of the courses need to be enlarged

All such training regulated by the Ministry of Labour and employment, some deregulation required so that institutes can change their course contents as per market forces

Specialized institutes should be developed to hone one particular type of skill and each state must have these institutes so that regional skills can be fostered.

VET and ESD help for starting small and medium businesses.

StrategiesStrategiesBasic Education

Change our education system to meet the needs of EQ and SQ, present system of education concentrates on IQ development, which is only 33% of the human character

Present focus on higher education whereas Nearly 94% of the youth ‘drop-out’, between class 1st to class 12th. Thus, focus of education should also to assist and help the balance 94% of the population who do not make it past the 12th Class.

StrategiesStrategiesInfrastructure Development

Help people to gain access to more productive assets with which they can themselves generate decent incomes such as

Making internet free for each households

Building roads to rural India

It is said that once person become aware, he will search the right path for his betterment

StrategiesStrategiesInvestments in Research

Presently, we are having low percentage in Research and Development

Provide special tax concessions for research firms

StrategiesStrategiesDevelopment of labour industry

India has few management institutes/business schools, certification agency, headhunting firms and relocation service.

StrategiesStrategiesCreating Rural Entrepreneurs & Entrepreneurial Farm Schools

India possesses four outstanding competitive advantages in agriculture comparable to those of any other country in the world

Regions, which are climatically favorable for cultivation

Possesses the largest acreage of irrigated land

Gap between present productivity and proven technological potential is very large

Abundance of available skilled, educated, technical and scientific manpower

StrategiesStrategiesCreating Rural Entrepreneurs & Entrepreneurial Farm Schools

Ten-acre farm growing a combination of cash crops such as sugar, cotton, fruits, vegetables and flowers can earn Rs. 5 lakhs or more per annum for a rural family, which is what a MBA, graduates one-year salary package

Farm schools cum demonstration centers can be established at the village level in every block on 10-acre plots leased from farmers for a period of 3 years

StrategiesStrategiesEncouraging and setting aside fund for experiments by technology-driven Public Sector undertakings

Large amount of money goes to foreign countries technology firms for providing consultancy in technology to Public sector undertakings

We must encourage giving Indian firms to provide the machine and technology that we take from foreign firms. Initially, there may be failures but in long run it will fetch good results.

StrategiesStrategiesFocus on knowledge Process Outsourcing rather than Business Process Operations

Shows a huge supply gap

Endless area for businesses to explore but also shall create lakh of jobs for the large amount of the talented and skilled workforce (intellectual property research).

StrategiesStrategiesChange of Government policies on particular sectors that has the potential of providing large employment

The government should change policy on regular basis so that human resources can be diverted to emerging fields

Bio technology

Jatropha cultivation

Renewable energy Resources

StrategiesStrategiesChange of Government policies on particular sectors that has the potential of providing large employment

Bio technologyBiotechnology as a business segment for India has the

potential of generating revenues to the tune of US$ 5 Billion and creating one million jobs by 2010 through products and services.

Clinical development services can generate in excess of US$1.5 billion whilst bioservices or outsourced research services can garner a market of US$1 billion.

Establishing biotechnology parks for the growth of the biotechnology industry

Integrated biotech policy with concurrent attention to education

StrategiesStrategiesChange of Government policies on particular sectors that has the potential of providing large employment

Jatropha cultivation

THE FOUR MAIN BENEFITS OF JATROPHA CULTIVATION:

Renewable Energy

Erosion Control and Soil Improvement

Promotion of Women employment

Poverty Reduction

StrategiesStrategiesChange of Government policies on particular sectors that has the potential of providing large employment

Renewable energy Resources

Placing support for renewable in a broader context of support for clean energy measures, including energy efficiency and sustainable transportation will greatly augment economic and employment benefits

StrategiesStrategiesConclusion

Accelerating the rate of growth of GDP, with a particular emphasis on sectors likely to ensure the spread of income.

Pursuing appropriate sectoral policies in individual sector.

Implementing focused special program such as training, ITI, Management/Business Schools.

Pursuing suitable policies for education and skill development, which would upgrade the quality of the labour force and make it capable of supporting a growth process which generates high quality jobs.

Providing infrastructure so that people can access resources according to their needs.