66 per cent addition of manpower expected in banking, financial sectors
TIRUCHI: India was poised for accelerated progress on the fronts of Information Technology, manufacturing, infrastructure, biotechnology, retail sector, banking and finance, and tourism and hospital management in the coming decades, S. Vaidhyasubramaniam, Dean-Planning & Development, SASTRA University, Thanjavur, said
Speaking on ‘Engineering – the path to success' at The Hindu Education Plus Pre Counselling session here on Saturday, Mr. Vaidhyasubramaniam said that the job opportunities being diversified, candidates opting for conventional programmes such as Mechanical, Civil, and Electrical and Electronics Engineering could be certain about securing gainful employment. Thirty-two per cent of jobs would be in the manufacturing sector, he said.
China and India were leading the world in global recovery of automobile industry. The 12 per cent growth in the automobile sector was the highest in the world. As for Information Technology, the performances of major companies had exceeded the market estimates. Putting the best foot forward, the companies had raised expectations of large-scale recruitment.
Biotechnology was another area in which there were tremendous opportunities for growth since the expiry of patent durations for generic drugs was nearing and multi-national companies would obviously look to India for 30 to 40 per cent cost-competitiveness in drug manufacture.
As of now, though the volume of manufacture in India accounts for 10 per cent of global requirement, in terms of value, it was only 1.5 per cent. There was a huge potential for increasing the value, he said while referring to the abundant job opportunities for candidates pursuing courses such as biotechnology, bioinformatics, bioengineering and nanotechnology.
A 66 per cent addition of manpower was expected in the banking and financial sectors in the next three to four years.
As for the retail sector in which India ranked fifth in the world, five million jobs would be generated in the next five years. India was moving in the direction of developing a workforce of 500 million by 2020.
Mr. Vaidhyasubramaniam announced that scholarship for the entire course duration would be provided as a Silver Jubilee gesture for this year's admission at SASTRA for the first two top scorers each in Tiruchi and Thanjavur districts, and one in Kumbakonam. Thirty per cent of the seats in SASTRA would be filled based on AIEEE ranks. All India Ranking would be taken into consideration.
To attract best students in postgraduation, seven Integrated M.Tech. programmes had been introduced this year, in addition to the existing two, he said.