February 7, 2023
1 min read

Talent development gets major boost in Budget 2023

The country is expanding investments in modern capex, digitalisation, skilling for youth and expanding support and opportunities for all…reports Asian Lite News

The Union Budget 2023-24 has done well for developing and enhancing the digital talent pool in the country that will help fully realise our demographic dividend, industry leaders said on Monday.

The country is expanding investments in modern capex, digitalisation, skilling for youth and expanding support and opportunities for all.

Vijendra Katiyar, Country Manager, India and SAARC at Trend Micro said that the budget places a strong emphasis on talent development, digital skills training, and upskilling.

“This is in response to India’s current situation where only 48.7 per cent of the country’s youth are considered employable and many companies report a skill gap. The budget includes the launch of PMKVY 4.0, which is aimed at training a large number of youth in emerging technologies such as AI, robotics, mechatronics, and IoT,” Katiyar emphasised.

Sandip Patel, Managing Director, IBM India/South Asia, said that the budget will prepare youth for international opportunities and take skilling to the last mile through setting up of 30 Skill India International Centres across states.

“The government’s proposal to set up 100 labs across engineering institutions to develop applications for 5G services will go a long way in developing cutting edge ICT services in India, for India and for the world,” said Patel.

According to Chocko Valliappa, Vice Chairman, Sona group of Education Institutions, Salem the series of pathbreaking moves to deploy digital technology in education for young children, school and college students as also training of teachers will give a fresh stimulus to MOOCS, NPTEL on Swayam platform.

“The launch of re-imagined Skilling 4.0 and the newly minted Vishwakarma Kaushal Samaan initiative will help build capacity, train youth to pick industry relevant skills and preserve age old crafts thus ensuring livelihood for millions in the coming years,” said Valliappa.

ALSO READ: Budget gives larger wings to mission ‘UDAN’

Previous Story

Dell to slash about 6,650 jobs

Next Story

Renault, Nissan reshape 24-year-old alliance

Latest from Business

India’s Millionaire Wealth Surges

Strong equity markets and investor optimism around artificial intelligence (AI) played key roles in bosting returns and overall wealth creation India recorded a robust 8.8 per cent rise in high-net-worth individual (HNWI)

IMEC Touted as Game-Changer for India’s Growth

The event brought together experts from the governments, academia, industry and private businesses across the globe…reports Asian Lite News The India-Middle East-Europe Economic Corridor (IMEC) has the potential to be a “game-changer”

Accel Puts India’s AI Power in the Spotlight

Under the theme “Engineering India’s AI Advantage,” the exclusive, invite-only event will bring together leading AI founders, researchers, tech CXOs, policymakers, and global investors….reports Asian Lite News Global venture capital firm Accel

Nvidia slams US chip export curbs as ‘failure’

Jensen Huang said the US move has backfired by accelerating China’s self-sufficiency in semiconductors and diminishing American dominance in the global chip market…reports Asian Lite News Nvidia CEO Jensen Huang has sharply

SEBI Warns on Strata Exit

Strata was one of the first platforms to register under SEBI’s newly introduced SM REIT framework, which was designed to regulate fractional ownership in real estate and allow investors to pool capital
Go toTop

Don't Miss

TRIBUTE TO 26/11 MARTYRS 

Indian High Commission in London remembered the 26/11 terrorist attack

Rajnath, Didi review India-Maldives defence ties

Defence Minister, who reached Maldives on Monday, had met Maldives