Cap goods companies hit 'generation-gap' speed bump with skilled labour

Big firms lament the challenges of sourcing skilled labour for project sites, forcing them to incentivise

A top executive of India’s largest capital goods firm, Larsen & Toubro (L&T), reveals that many client emails nowadays revolve around labour-related queries. Executives from L&T’s peers in the sector also bemoan similar challenges in sourcing skilled labour for projects, attributing this to a demand-supply gap that has widened due to increased infrastructure spending and changing labour aspirations.
 

S N Subrahmanyan, chief executive officer (CEO) and managing director (MD) of L&T, states that the company currently requires around 35,000 skilled labourers and is encountering difficulties in sourcing them.
 

L&T is at present executing an order book of over Rs 4.12