The recent budget announcement by the government, which aims to skill 20 lakh youth over 5 years and upgrade 1,000 Industrial Training Institutes, is a significant move towards empowering the next generation. A highly skilled workforce becomes crucial as the chemical sector continues to evolve with technological advancements and innovation. Proficiency in the latest technologies and innovative techniques is vital for maintaining competitiveness. Skilled professionals are also essential for navigating stringent environmental and safety regulations, ensuring compliance, and avoiding costly penalties.
Managing the complex chemical processes involved in chemical manufacturing requires a skilled workforce to ensure high-quality production while minimising errors and safety risks. As sustainability becomes increasingly important, skilling in green chemistry and environmentally friendly processes is necessary to meet the demand for sustainable products and reduce environmental impact.
The Chemicals & Petrochemicals sector in India, with a current market size of around $220 billion, is expected to grow to $300 billion by 2030. For companies like NOCIL, a leading player in the rubber chemicals sector, these advancements are particularly pertinent. Our commitment to innovation and quality aligns with the need for a skilled workforce that can adapt to emerging markets and new applications.
By aligning course content with industry needs, the government’s budget allocation, which includes a total central outlay of Rs 2 lakh crore and a Rs 60,000 crore Skill Enhancement scheme, will modernise ITIs and support a skilled workforce. This initiative is expected to drive growth and contribute to the overall development and competitiveness of the chemical industry, benefiting both the youth and companies like NOCIL, as well as the sector at large.
