Anand Mahindra, the chairman of Mahindra group, on Wednesday stated that the private sectors in India should start making efficient use of the recently announced schemes, such as support to employers in creating roles in first time employment and increasing new hires. The following would help boost the economy of India in a few decades.
The private sectors can encourage the first time employers by hiring fresher with internship experience. When posting job opportunities, companies state that they are hiring entry level fresher but when researched further about the job, it turns out that the companies are hiring fresher with one to two years of experience. Due to this, many graduates are finding it difficult to find job as an entry level employee, even though they did many internships to boost their skills. Talking about internships, it is necessary for colleges providing general courses to students to introduce them to internships as many times, it so happens that students do not understand the efficiency of internships, which they realise after their graduation, while looking for a job. Internships help provide students the experience and skills needed for a job.
At the annual general meeting of Mahindra and Mahindra (M&M), he addressed the shareholders that job creation is an important element for flourishing growth and prosperity for the economy of a country, and it is the mutual responsibility of the government and private sectors or companies to show efforts in creating more job opportunities or generating employment for the youth. Further as mentioned by finance minister Nirmala Sitharaman, increasing employment and skills are the key priorities of the country, in her budget speech 2024-25.
He mentioned that utilising the schemes provided by the government are efficient and suggests that the private sectors should use them for generating job opportunities.
After the pandemic, global companies started shifting their branches to different countries and establishing different branches. The following has helped in the creation of more job opportunities. It the mutual responsibility of the private sectors to partner with the government in nation-building.
Mahindra stated that the new schemes that are recently announced by the government are promising and would encourage the employers for creating roles in first time employment and creating new hires. One such scheme introduced by the government which comes under the NAPS (National Apprenticeship Promotion Schemes), the apprenticeship trainee programme is one example of the schemes. In the apprenticeship programme, students who have recently graduated work in an establishment for a year to develop their skills and efficiency and receive stipend.
As said by Mahindra, utlising the schemes to their complete potential would create a dynamic expansion of job creation over the next decades, which has the potential to positively impact the economy.
While speaking about the future, he said the company is looking forward to enhance the future of the company and it looks promising. While investing in the building manufacturing capacity, he says that private sector is equally important in job creation.
In three years, M&M is planning to invest an amount of Rupees 37,000 for the sake of the growth of the company. The goal is to make better products, advance technologically, and reach a larger population. This proves that the company is committed to growth and promotion.
To increase the technical know how and the female participation in the workforce, the company is improving their skill-building programme.
In fy2024 (fiscal 2024- from 1st April 2023- 31st March 2024), the company helped 2.2 Lakh women reach upto their full potential through skill intervention, which includes employability, focused training and domain special skill development. Mahindra said that as the company continues to develop, they are making sure that jobs are being provided all across the country.
