“Engineering graduates should not chase IT-related jobs”
: Engineering graduates should become entrepreneurs instead of chasing Information Technology-related jobs not only to boost economy but also to become employment providers, said Collector N. Venkatachalam.
He was inaugurating an unemployed youths employment generation programme at Gandhigram Rural Institute near here on Thursday.
More than 60 per cent of population was in the age group of 20-65 and this group was considered as productive sector.
Apart from academic qualifications, other skills including soft skills and job oriented skills were essential to make youths employable because there was a huge gap between vacancies and trained workforce. Still, the present-day youths did not meet the industrial needs. The country needed more entrepreneurs to meet the growing economic and industrial needs.
Training more youths in various skills and trades was the need of the hour, he noted. Moreover, engineering graduates should not pay much attention to white collar jobs. They should prefer to work in production sector, which is the backbone for national development.
The youths should avail all resources and training programmes offered by the government to make them skilled and become entrepreneurs.
Dindigul District Small and Tiny Industries Association president S. Thangaraj said that IT companies had been recruiting only 20 per cent of the total engineering graduates and a majority of them were jobless. But they were highly qualified and could not go for ordinary jobs.
“Investing rupees one crore in small industries will generate jobs for 20 persons whereas investing Rs.20 crore for big industries did not provide jobs for two persons owing to automation. Small industries have been giving ample opportunities for youth to succeed. Youths need ambition, skills and passion for entrepreneurship.”
Formation of industrial cluster by a group of young engineers will ensure better results.
The government will extend financial support for clusters. Entrepreneurs’ contribution would be just 10 per cent of the total project cost and the rest would be given as credit, he pointed out.
Lead Bank Manager R. Arjunanan Muthaiah said that credit target of MSMEs for this financial year was Rs.548 crore, which was more than the total allotment for education and housing loans. Youths should utilize it fully.
GRI professor R. Srirangarajan said that GRI was ready to impart skill development training programme on various trades throughout the year, he added.