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Telecommunications sector could generate 30 lakh jobs by 2018: Assocham-KPMG

The study said the existing manpower in the sector may not match up to the upcoming demand, both in numbers and required skill sets.

Published: 17th August 2017 11:08 PM  |   Last Updated: 18th August 2017 08:37 AM   |  A+A-

File photo of telecommunication towers in Hyderabad (Reuters)

By Express News Service

CHENNAI: Rising smartphone penetration, availability of high-speed mobile internet at affordable rates, entry of new players in the market, and introduction of digital wallets spurring demand for use of technology could generate 30 lakh new jobs in the ‘ailing’ telecom sector by 2018, says a joint study by Assocham-KPMG. Emerging technologies such as 5G, M2M and the evolution of information and communications technology are expected to create employment avenues for almost 8.7 lakh individuals by 2021, revealed the study, released on Thursday.

It said the existing manpower in the sector might not be adequate to cater to the upcoming demand. “There is a need to bridge the gap in skills, which on the one hand would require identification of skilled manpower in diverse roles such as infrastructure and cyber security experts, application developers, sales executives, infrastructure technicians, handset technicians, etc as well as on the other hand re-skilling of existing manpower working on existing technologies for them to be updated with upcoming requirements,” the report noted.

It recommended more targeted and specialised skill development programmes to enhance existing manpower capabilities and availability to ensure development of the sector. The telecom sector has grown at a CAGR of 19.6 per cent in terms of subscriber base. and at 7.07 per cent CAGR from a revenue perspective in the past few years.

 



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