<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 <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>
<p>In a recent Economic Times 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>
<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 employability gap is a growing concern, and organizations are now prioritizing investments to address it, creating long-term solutions for capacity building.</p>
<p>The future of India’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. </p>
<p>In an interview with Renewable India, Dhriti Prasanna Mahanta, our Vice President & 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>
<p>At TeamLease Degree Apprenticeship, we’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 how these efforts are driving inclusive growth and bridging skill gaps through strategic partnerships. </p>
<p>Recent upgrades in ITI performance have set a new standard for skill quality across India. Sumit Kumar shared with Business Standard how enhanced curriculum, better infrastructure, and improved training methodologies will promote competitiveness and excellence in skilling. </p>
<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’s Work-Integrated Learning Programs are tailored to meet the needs of this rapidly growing sector.</p>
<p>Sumit Kumar recently shared his views on the rising trend of 'Unbossing' 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>
<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. </p>
