Volume : 4, Issue : 1, January - 2015

Enhancing Industrial Growth through Excellence of Skilled Workforce

Yp Chawla , Dr Rsp Singh

Abstract :

<p>Make in India&rdquo;has been announced by the Indian Prime Minister.Canit emulate&quot;economic miracle&quot; Japaneseachieved< /> post&ndash;cold war years and make an attempt toreach the export shelves,aligning Enhancing Industrial Growth.< /> In the granularity of Enhancing the Industrial Growth, through excellence in Plant Management requires,drawing a road map onvarious< /> frontsthat include improving manpower skills against updated standards,with global importance.< /> Aholistic approach for achieved through Men with high Skill competencies with updated Skill Standards to as per international standards, using< /> quality 5M&rsquo;s (Men, Materials Money, Machinery and Methods).The Manpower Skill Standards gained importance due to Competencies or talent< /> shortages experiencedworld overrequiring mapping and appropriately marketed showcasing Indian Skills.To stay afloat in competitive world,< /> every activity needs analysis, corrected and benchmarked for achieving industrial growthenhancement. Benchmarking the Skill Standards is< /> as important as other aspects for achieving plant management excellence. This paper analyses the Skilling from national perspective, as well< /> as industry or enterprise, its impact on Technical Vocation, Education &amp; Training (TVET) Institutions, Trainers, Education system and etc. how it< /> affects the human asset supply chain infrastructure and role of talent refineries.< /> USA, Canada, UKand other countries are working hard to sustain Industrial growth and are incompetition to attract Global TVET talent . India< /> can bea source for meeting the talent demand and skilled youth.< /> Indian Skilled manpower for offshored manufacturing to India by other countries or as expatriatesoverseas becomes anasset.< /> India&rsquo;s economy has to grow fast enough to absorb the skilled manpower or alternatively Indian skilled manpower to be readied to get< /> expatriated to greying mighty developed nations for their sustenance. All these parameters will give fillip to&ldquo;excellence in plant management&rdquo; to< /> global standards throughimproved Skill Standards of Indian youth have to help India attainEnhanced Industrial Growth.< /> Skilling is the prescription for Growth and employment to avoid the repeat of Arab Spring and assessment of Skill gaps is important in this< /> automated industrial world. The Paper examines the Skill Gaps of what Industry requires and what the individuals come ready with. </p>