
Lokesh sets goal to create 10L jobs in 4 yrs
During a review meeting with officials at his residence, the minister revealed that 95 prominent companies have already expressed interest in setting up GCCs and data centers in Andhra Pradesh. He emphasised the need for officials to provide seamless support and create a conducive atmosphere to expedite these investments. Highlighting the state's proactive approach, Lokesh announced that the government has signed Memoranda of Understanding (MoUs) with ANSR and Sattva companies, which are projected to provide employment to 35,000 youth.
He also stressed the importance of establishing co-working spaces in all 26 districts to fuel the growth of startup companies.
The minister confirmed that the Ratan Tata Innovation Hub will be inaugurated shortly, a move aimed at further encouraging the startup ecosystem. To support emerging tech ventures, he called for the establishment of regional centers in Visakhapatnam, Rajahmundry, Vijayawada, Tirupati, and Anantapur.
In a significant push for advanced technology, Lokesh directed officials to take the initiative in providing the necessary infrastructure for the development of a Quantum Computer Valley in Amaravati, in partnership with global tech giants TCS, L&T, and IBM.
Focusing on digital governance, Lokesh instructed officials to enhance the 'Mana Mitra' WhatsApp government services. He stated that essential certificates should be made readily available to citizens through this WhatsApp platform, further streamlining public service delivery.
Additionally, the minister called for the provision of internet connectivity to 45,000 government schools and all airports in the state, underscoring the government's commitment to digital inclusion and infrastructure development.
IT Secretary Katamneni Bhaskar, IT & C Special Secretary Sundar, APIIC MD Abhishikth Kishore, EDB CEO Saikanth Varma, RTGS CEO Prakar Jain, and APTS MD Suryateja, and others also attended.
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Time of India
an hour ago
- Time of India
Karnataka aims for $20 billion quantum advantage-driven economy by 2035
With a goal to make Karnataka a USD 20 billion quantum advantage-driven economy by 2035, the state government on Wednesday reaffirmed its commitment to supporting the growth of the quantum technology sector. The government has also announced that a dedicated 'Quantum Task Force' will be constituted and a strategic roadmap will be prepared, it said. Explore courses from Top Institutes in Select a Course Category Degree PGDM Healthcare Data Analytics Cybersecurity Artificial Intelligence CXO Project Management healthcare Product Management Data Science Others MBA MCA Public Policy Data Science Design Thinking Digital Marketing Management others Finance Operations Management Leadership Technology Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details As part of Karnataka's vision for comprehensive development of the quantum ecosystem, the ' Quantum India Bengaluru Summit ' has been planned on July 31 and August 1. In this context, a high-level meeting was convened on Wednesday at Vidhana Soudha by the Department of Science & Technology, where key representatives from leading quantum technology companies participated. Ministers N S Boseraju (Minor Irrigation, Science & Technology), M B Patil (Industries), and Priyank Kharge (IT&BT) addressed the participants and shared their vision and assurances, an official release said. Speaking on the occasion, Minister Boseraju said the Karnataka government is ready to offer all necessary support to make the state a leader in the quantum sector. Live Events "Under the leadership of Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar, a roadmap will be developed. We will consult the CM on forming a dedicated Task Force to guide this roadmap. Our government is committed to framing the necessary policies to support this mission," he said. "Our goal is to make Karnataka a USD 20 billion quantum advantage-driven economy by 2035. As part of this vision, India's first 'Quantum India Conclave' will be held on July 31 and August 1 under the Department of Science & Technology," he added. Industries Minister M B Patil said that the objective is for Karnataka to lead in quantum technology. "The state government is fully prepared to offer land, infrastructure, and all types of support needed for industries to thrive. We have asked industry representatives to submit their specific requirements, and we are ready to respond with the necessary facilitation," he added. IT&BT Minister Priyank Kharge highlighted that skill development in human resources is crucial for Karnataka to lead the quantum revolution. "We are committed to enabling a robust ecosystem of innovation and deep-tech collaboration. Through a phased approach under the proposed Quantum Mission, we aim to become a bridge between industry, academic institutions, and innovation networks. Karnataka must be at the forefront on the global quantum map," he added. Noting that Karnataka is well-positioned to emerge as a major stakeholder in India's quantum ecosystem, officials said the state offers top academic institutions, industry-friendly policies, world-class infrastructure, forward-looking industries capable of adopting cutting-edge technologies, and a skilled talent pool - strengths that are rare to find in other states. Industry representatives at the meeting emphasised the need for dedicated land and supportive policies to help the sector expand further.


Indian Express
2 hours ago
- Indian Express
Contractual hiring in Q4FY25 hit by geopolitics, new banking rules and end of festive season, says Indian Staffing Federation
Temporary hirings by Indian companies increased at the slowest pace in four years in 2024-25 (FY25) as demand for short-term staffing was hit by geopolitical uncertainty. According to the Indian Staffing Federation (ISF), the industry body for over a hundred flexi-staffing companies, new contract hires rose by 9.7 per cent in the last fiscal to 1.39 lakh, with sectors such as Global Capability Centers (GCCs), e-commerce, logistics, manufacturing, and tourism and hospitality, among others, contributing to new formal employment generation. However, the increase in temporary staffing in FY25 was down from a 15.3 per cent rise in FY24. At 9.7 per cent, contractual staffing in FY25 was the lowest since a 3.6 per cent up-turn seen in the coronavirus pandemic-hit FY21. In total, ISF members' workforce stood at 18 lakh at the end of FY25, the industry body said on Wednesday. Temporary workers have become increasingly important for companies in sectors such as e-commerce, retail, fast moving consumer goods (FMCG), logistics, and hospitality, among others, as they help meet fluctuations in demand due to seasonal and other factors. According to the ISF, there are nearly 70 lakh contract workers at present in India, with the staffing industry as a whole contributing Rs 1.48 lakh crore towards salaries in FY25. The final quarter of FY25 was particularly bad for temporary workers as new jobs were 2.5 per cent lower compared to the third quarter that ended in December 2024. This was only the second time since April-June 2020 – when much of the country was forced to shut down to contain the spread of the coronavirus – that new temporary hirings fell on a quarter-on-quarter (QoQ) basis. Short-term hirings were up 8.7 per cent year-on-year in the final three months of FY25. Why companies turned cautious on hiring in Q4FY25 'The fourth quarter of FY25 saw a cautious market. Many organisations aimed to reorganise hiring to utilise better productivity, leading to a late-year lowering demand for the temporary workforce across industries,' the ISF said in a statement. 'This dip was particularly pronounced as economic conditions destabilised, prompting companies to pause expansion and headcount additions amidst trade wars.' Also adversely impacting demand for short-term workers was the end of the holiday and festival season and new banking policies, the ISF said. According to Suchita Dutta, executive director at the ISF, these new banking policies refer to directions from the Reserve Bank of India in late 2024 to banks on the use of third-party service providers for certain activities. This policy change, Dutta said, contributed to weaker demand for contract staff in the final quarter of the fiscal. Within the headline number for the fourth quarter, demand was lower for general staffing, which fell 2.6 per cent q-o-q but was up 9.8 per cent in FY25 as a whole – the lowest increase in five years. General staffing makes up for an overwhelming majority of overall temporary hirings and accounted for 1.36 lakh of the 1.39 lakh new jobs in FY25. Meanwhile, IT staffing rose 2.3 per cent q-o-q in the January-March quarter. Crucially, temporary IT hires rose 7.8 per cent in FY25 after falling by 7.7 per cent and 2.3 per cent in FY23 and FY24, respectively. 'IT staffing industry continued to witness new demands from new GCCs and also from steady growth in new employment as project ramp-ups in services sectors. The gradual new employment growth in Q4 FY25 is also aided by non–IT sectors, which significantly has started investing back with the tech adoption,' the ISF said. The contract jobs data from the ISF comes after the Statistics Ministry said on Tuesday that the all-India unemployment rate was unchanged in June at 5.6 per cent, although joblessness increased by 20 basis points (bps) in urban areas to 7.1 per cent among those aged 15 years and above. The Statistics Ministry does not make a distinction between temporary and permanent jobs, with the monthly labour market data based on the Current Weekly Status (CWS) approach. Under this approach, the activity status of a person is measured for the seven days preceding the date of survey. Monthly data from the Ministry of Statistics and Programme Implementation is not available for the final three months of FY25. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More


The Hindu
2 hours ago
- The Hindu
Nara Lokesh draws flak from farmers' unions of his own State for trying to take advantage of Karnataka's ‘pro-farmer stand'
Andhra Pradesh IT Minister Nara Lokesh has drawn flak from farmers' organisations in his State for extending an open invitation to the aerospace industry to Andhra Pradesh with an offer of 8,000 acres of ready-to-use land. Mr. Lokesh, son of Andhra Pradesh Chief Minister N. Chandrababu Naidu, had put out an open invitation to the aerospace industry on social media on Tuesday in a bid to take advantage of the Karnataka government shelving the process of acquisition of 1,777 acres of farmland in Devanahalli taluk, near Bengaluru international airport, for the proposed defence and aerospace park, following stiff resistance from farmers. Farmers' organisations in Andhra Pradesh termed his promise of providing 8,000 acres of land just outside Bengaluru as 'inappropriate' and the struggle by Karnataka's Devanahalli farmers demanding shelving of land acquisition as 'historical'. 'Highly inappropriate' In a statement, Vadde Sobhanadreeswara Rao, convener of the Andhra Pradesh Farmers' Associations' Coordination Committee and Samyukta Kisan Morcha's Andhra Pradesh unit, said, 'Farmer organisations of Andhra Pradesh strongly object to this highly inappropriate statement. Without the consent of the farmers in the Lepakshi Knowledge Park area and without paying the legally mandated compensation under the 2013 Land Acquisition Act, the government has no authority to give away farmers' land.' Mr. Rao, who had earlier served as Agriculture Minister in the Chandrababu government, defended the demand by Devanahalli farmers to shelve the land acquisition. 'The proposed land acquisition has been strongly opposed by local farmers in a historic struggle. Karnataka Chief Minister Siddaramaiah, respecting the farmers' demands, announced the withdrawal of the proposal.' Tejasvi Surya draws flak Meanwhile, Bengaluru South MP Tejasvi Surya has drawn the ire of farmers' leaders from Karnataka for endorsing Mr. Lokesh's statement by posting on social media that 'this is how business is attracted, industry is welcomed and jobs are created. Hope Karnataka Government learns from Nara Lokesh Garu and correct its course.' Mr. Surya deleted his post later. Objecting to this, Karnataka Rajya Raitha Sangha president Badagalapura Nagendra made it clear that farmers were not opposed to industrialisation, but were against acquisition of fertile farmland for industrial projects. Questioning the logic of Mr. Surya, he said: 'The farm sector continues to be the biggest employment generator in the country as it engages nearly 60% of the country's population. There is a dire need to protect the farm sector too.' Mr. Nagendra referred to the impact of losing green spaces around Bengaluru and said that there is increasingly not even adequate water to take care of the city's growing needs. Idea of development KRRS (Collective leadership) president Chukki Nanjundaswamy too took exception to Mr. Surya's statement and maintained that agriculture and development are not contradictory. 'Development does not mean only industrial development. Development of the farming sector is also development,' she said, opposing the view that heeding the demand of farmers to drop acquisition of their fertile and productive farmland for an industrial project, would not make a business sense.