FICCI Survey projects increase in size of India’s food market

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 The projected increase in the size of India’s domestic food market from the current level of US$ 181 billion to US$ 258 billion in 2015 has brought into sharp focus the acute skill shortage in the industry. The rising demand for specific skills and available supply has eroded the competitiveness of the industry, says a FICCI study. The study entitled, ‘Rising Skill Demand: A Major Challenge for Indian Food Industry’, reveals that as high as 58% of the companies are not satisfied with their employees’ current level of technical skills and knowledge needed for the job. 72% of the companies feel that their employees lack the ability to use appropriate and modern tools, equipment, and technologies specific to their jobs and 66% feel their workforce lacks the ability to deliver work on time in accordance with the quality standards. 68% feel they (employees) do not have the ability to design a system, component, or process to meet the desired needs.
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