Almost 80 per cent of the jobs available in the country need vocational training, while 90 per cent of the graduates that come of the educational institutions lack these skillsets resulting in a big demand and supply gap, said V Krishnamurthy, Chairman, National Manufacturing Competitiveness Council.
Addressing at the anniversary day of CII Institute of Quality, here today, he said the country presently occupies 1 per cent of the global trade and if it wants to increase its share to 10 per cent by 2015 as well as achieve 8-10 per cent GDP growth annually, there is a need to have 500 million vocational jobs. There is a need for at least 250 million people with skills, while presently only 700,000 are available, he noted.
"Unless we considerably improve the quality of our industrial production we can not increase our share in the global trade," he said.
Giving the example of Maruti Udyog Ltd, he said when the company was started two decades ago, many people wanted to buy the small car before it was indigenised, because they felt the quality of Maruti car was better as it had more imported components.
However, as the company progressed with every step of its indigenisation, the quality of the car it produced went on improving, much against the common perception. This, he said was possible because of the consistent efforts to improve the quality.
Commending the work of CII Insitute of Quality in transforming the country's manufacturing sector, Krishnamurthy said there is a need to replicate the model of CII IQ in other spheres as well like services, healthcare, education and governance.
K N Shenoy, Chairman, CII Institute of Quality, in his opening remarks, said the time has come to think and plan for the next 15 years in terms of preparing the Indian industry to achieve highest quality in their production.
"We have achieved a lot over the last twenty years in the journey of quality. When we started the Institute of Quality two decades ago there were not even 20 companies to become members, but today we have thousands of companies coming forward to tread the path of quality. However, there is still a long way to go," he said.