Latest news with #RoopKaistha
Economic Times
a day ago
- Business
- Economic Times
India rising as Big Tech breaks bank for AI talent
ETtech With Meta's Mark Zuckerberg hunting for top AI talent with $100 million packages, other large tech companies may follow suit and the price of AI talent globally is expected to be pushed up, experts said. India however retains an edge due to the lower cost and may see some jobs being routed AI talent generally costs around 15–25% of what companies pay in global hubs like the US, particularly for senior and research-level roles, according to AMS data. Salaries in the US or UK/Europe are almost five times more than the Indian average for similar skill sets, as per Teamlease Digital. For mid-level skills such ML Engineers or Data scientists with experience, the salary difference is about two to three times. 'We will continue to see more AI jobs routed to India, especially for engineering, implementation, and mid-tier research roles, as global salary inflation and talent shortages make India's cost-quality equation quite favourable,' said Roop Kaistha, regional managing director-APAC, cost advantage remains meaningful, particularly for execution and scaled development roles in AI, ML Ops, and data engineering, she said. While senior AI researchers in the US attract packages of $500,000 to $1 million or more, in India they earn about Rs 60-80 lakhs annually, as per recruitment firm Adecco.'This (Meta's) offer raises the benchmark rates for this talent worldwide,' said Sunil Chemankotil, country manager for India at recruitment firm Adecco. 'The dual advantage India offers is cost and talent arbitrage - this will help organisations to scale up rapidly.'The country has a growing AI talent pool, particularly in applied AI and engineering, he India still lags in the top-end of AI R&D talent that is likely to bag the top-dollar packages globally and needs to significantly scale up this kind of talent and expertise, experts most AI-related jobs that come to India are in areas like data modelling, annotation and AI/ML integration, said Neeti Sharma, CEO, Teamlease Digital. For India to go up the value chain towards innovation driven roles, we need to make investments in creating a continuously upskilling ecosystem that enables us to get on to core AI innovation.'For advanced research, talent matters more than cost—global companies will pay top dollar for the best people, wherever they are,' Sharma said, adding that migration of jobs to India will continue given the large pool of foundational tech skills needed for AI and that comes at a competitive cost.'Indian talent remains cost-competitive and highly skilled in implementation roles but is only beginning to break into the uppermost tier of global AI R&D leadership,' said the foreseeable future, and until the startup ecosystem in India matures further, the ultra-elite, $100 million 'superintelligence' researchers will remain concentrated in places like the US, she Indian-origin researchers are already leading global AI labs, and with continued investment in research and education, the IndiaAI Mission, and the startup ecosystem, India will be able to compete at the highest levels, said Chemmankotil. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Inside TechM CEO's 'baptism by fire' and the blaze he still needs to douse How the sinking of MSC Elsa 3 exposed India's maritime blind spots Profits plenty, prices attractive, still PSU stocks languish. Why? The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Stock Radar: Indus Tower stock breaks out from Symmetrical Triangle pattern; could hit fresh 52-week high – check target & stop loss Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus Will worst of perception be over in Q1 earning season? 9 IT stocks, probably best contrarian bets. Use a different way to be contrarian Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 25% in 1 year
Time of India
a day ago
- Business
- Time of India
India rising as Big Tech breaks bank for AI talent
ETtech With Meta 's Mark Zuckerberg hunting for top AI talent with $100 million packages, other large tech companies may follow suit and the price of AI talent globally is expected to be pushed up, experts said. India however retains an edge due to the lower cost and may see some jobs being routed AI talent generally costs around 15–25% of what companies pay in global hubs like the US, particularly for senior and research-level roles, according to AMS in the US or UK/Europe are almost five times more than the Indian average for similar skill sets, as per Teamlease Digital. For mid-level skills such ML Engineers or Data scientists with experience, the salary difference is about two to three times.'We will continue to see more AI jobs routed to India, especially for engineering, implementation, and mid-tier research roles, as global salary inflation and talent shortages make India's cost-quality equation quite favourable,' said Roop Kaistha, regional managing director-APAC, cost advantage remains meaningful, particularly for execution and scaled development roles in AI, ML Ops, and data engineering, she senior AI researchers in the US attract packages of $500,000 to $1 million or more, in India they earn about Rs 60-80 lakhs annually, as per recruitment firm Adecco.'This (Meta's) offer raises the benchmark rates for this talent worldwide,' said Sunil Chemankotil, country manager for India at recruitment firm Adecco. 'The dual advantage India offers is cost and talent arbitrage - this will help organisations to scale up rapidly.'The country has a growing AI talent pool, particularly in applied AI and engineering, he India still lags in the top-end of AI R&D talent that is likely to bag the top-dollar packages globally and needs to significantly scale up this kind of talent and expertise, experts most AI-related jobs that come to India are in areas like data modelling, annotation and AI/ML integration, said Neeti Sharma, CEO, Teamlease Digital. For India to go up the value chain towards innovation driven roles, we need to make investments in creating a continuously upskilling ecosystem that enables us to get on to core AI innovation.'For advanced research, talent matters more than cost—global companies will pay top dollar for the best people, wherever they are,' Sharma said, adding that migration of jobs to India will continue given the large pool of foundational tech skills needed for AI and that comes at a competitive cost.'Indian talent remains cost-competitive and highly skilled in implementation roles but is only beginning to break into the uppermost tier of global AI R&D leadership,' said the foreseeable future, and until the startup ecosystem in India matures further, the ultra-elite, $100 million 'superintelligence' researchers will remain concentrated in places like the US, she Indian-origin researchers are already leading global AI labs, and with continued investment in research and education, the IndiaAI Mission, and the startup ecosystem, India will be able to compete at the highest levels, said Chemmankotil.
NDTV
09-05-2025
- Business
- NDTV
Union Cabinet ITI Scheme 2025: How It Helps Bridge Real Skill-Employability Gaps
Union Cabinet ITI Scheme 2025: The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the scheme for upgradation of 1,000 government Industrial Training Institute's (ITI's) and the setting up of five National Centers of Excellence(NCOE) for skilling as a centrally sponsored scheme for transforming vocational education in India. The scheme was made under budget 2024-2025 and budget 2025-2026, with outlay of Rs. 60,000 crore (Central Share: Rs.30,000 crore, State Share: Rs.20,000 crore and Industry Share: Rs.10,000 crore). Union Cabinet ITI Scheme 2025: How this scheme helps bridge real skill-employability gaps across sectors The scheme is designed to ensure ITIs meet the demand for skilled manpower, which is aligned with the nation's journey in becoming a global manufacturing and innovation powerhouse that will help create a pipeline of skilled workers aligned with industry demand, thereby addressing skill shortages in high-growth sectors such as electronics, automotive, and renewable energy. Roop Kaistha, Regional Managing Director, APAC, AMS, said, "This scheme is a timely investment in building a future-ready workforce. With only 42 per cent of Indian graduates considered employable, the need for aligned government, academia, and industry action is urgent. By upgrading ITIs and embedding on-the-job learning, soft skills, and future capabilities like green and digital skills, India can unlock its talent potential." The scheme focuses on increasing and improving the quality of vocational training which can prove to be an immense driver of economic growth and productivity. Global models like Brazil's SENAI, where 80 per cent of the vocational trainees secure employment, shows the impact of practical skills in overall growth of the industry-led skilling. NCOE's have played a significant role in various fields, particularly in sports, cybersecurity, and the animation sector. By providing specialized training, high-performance facilities, and mentorship, they help build a strong talent pool and help Indian athletes achieve excellent performance at the International level. Dr. Nipun Sharma, Chief Executive Officer, TeamLease Degree Apprenticeship, talked about the approval of the scheme of upgrading 1,000 ITI's and setting up 5 NCOE's. "The Union Cabinet's ₹60,000 crore national scheme to upgrade ITIs and establish five Centers of Excellence is a significant step to bridge the critical skill-employability gap across sectors. With demand for skilled workers exceeding supply by nearly 30 million individuals by 2025, and specialized sectors like electronics facing an 8-million workforce shortfall by 2027-28, this initiative directly addresses our most pressing employability challenges. By upgrading ITIs and establishing Centers of Excellence, we're creating infrastructure to support the much needed upskilling of our youth, and creating a platform for employability enhancement programs like apprenticeships, which has already expanded 26-fold since 2018." In summary, the scheme supports the Prime Minister's 'Viksit Bharat' vision by prioritizing skill development as a crucial driver to address both present and emerging industry demands.
