Recent media coverage

Indian Government Plans to Skill 29 Million People

<p><strong><u>Indian Government Plans to Skill 29 Million People</u></strong></p> <p>The Indian government has allocated ₹1.09 lakh crore to incentivize employment.</p> <p>In an interview with&nbsp;<strong>Bizz Buzz</strong>, Sumit Kumar highlighted how wage subsidies will attract 21 million youth into the formal workforce while easing financial burdens for job seekers.</p>

Strengthening MSMEs for a Competitive Workforce

<p>In a recent Economic Times&nbsp;feature, our CEO, Ramesh Alluri Reddy, discussed how the government is working to empower MSMEs, focusing on resolving employment and skilling challenges.</p> <p>He also pointed out the different approaches taken by large enterprises and MSMEs in addressing workforce issues</p>

30-32 Million Skills Gap in India by FY 2025: A TeamLease Study

<p>According to our latest research, India is on track to experience a skill shortage of 30-32 million workers by the end of FY 2025, a figure that could rise to 47-49 million by 2027.</p> <p>To bridge this gap, companies are increasingly turning to apprenticeship programs and forging partnerships with leading institutions to cultivate a skilled workforce. Our Chief Strategy Officer, Sumit Kumar, shared with The Economic Times that&nbsp;employability gap is a growing concern, and organizations are now prioritizing investments to address it, creating long-term solutions for capacity building.</p>

Pharmaceutical Industry Grapples with Skill Shortage

<p>The future of India&rsquo;s pharmaceutical and healthcare sectors hinges on building a workforce equipped to handle modern challenges. Employers are focusing on upskilling to meet issues like digital transformation, evolving regulations, and complex supply chains.</p> <p>In an interview with Express Pharma, Sumit Kumar stressed that apprenticeships, upskilling, and reskilling are critical to developing talent in a cost-efficient and impactful way.&nbsp;</p>

Renewable Energy Sector: Enhancing Employability

<p>In an interview with Renewable India, Dhriti Prasanna Mahanta, our Vice President &amp; Business Head, emphasized how apprenticeship programs play a pivotal role in narrowing the gap between education and employability.</p> <p>Addressing this skill gap is essential to fostering employment growth and boosting economic progress.</p>

Maximizing CSR Impact Through Apprenticeships

<p>At TeamLease Degree Apprenticeship, we&rsquo;re channeling CSR funds into skilling initiatives that align with industry needs, empowering youth and fostering employability.</p> <p>Sumit Kumar shared with The CSR Universe&nbsp;how these efforts are driving inclusive growth and bridging skill gaps through strategic partnerships.&nbsp;</p>

ITI Improvements: A Boost for Skill Development

<p>Recent upgrades in ITI performance have set a new standard for skill quality across India. Sumit Kumar shared with Business Standard&nbsp;how enhanced curriculum, better infrastructure, and improved training methodologies will promote competitiveness and excellence in skilling.&nbsp;</p>

Apprenticeships: Boosting ROI in Renewable Energy

<p>In an interview with Energetica India Magazine, Sumit Kumar discussed how apprenticeship programs can help renewable energy firms achieve high returns on investment.</p> <p>He highlighted how TeamLease&rsquo;s Work-Integrated Learning Programs are tailored to meet the needs of this rapidly growing sector.</p>

The Growing 'Unbossing' Trend

<p>Sumit Kumar recently shared his views on the rising trend of &#39;Unbossing&#39; with Business Insider India. While the approach of reducing middle management can lead to innovation, Sumit stressed the importance of developing a robust talent pipeline that enables multitasking across various levels.</p>

Improving Employability of Engineering Graduates

<p dir="ltr">Despite a high employability rate of over 60% among engineering graduates, only 45% meet industry standards. In an interview with News18 India, Ramesh Alluri Reddy highlighted how apprenticeships and internships are crucial in bridging this gap by integrating academic learning with hands-on industry experience.&nbsp;&nbsp;</p>