StartupTalky

Tag: Job Opportunities

  • TCS to Create 5,000 New Jobs in the UK, Launches AI Experience and Design Studio in London

    In a statement released on October 10, Tata Consultancy Services stated that it intends to increase employment in the UK by 5,000 over the next three years through its ongoing investment and talent development initiatives. Reaffirming its long-term connection with the UK, India’s largest IT services company announced the opening of an AI Experience Zone and Design Studio in London as part of its investment ambitions in the UK, the statement stated.

    According to Vinay Singhvi, president of TCS’s UK and Ireland division, the UK is the company’s second-largest market worldwide, making it a key component of its global investment plan.

    He added that in order to keep a competitive edge in artificial intelligence and emerging technologies, the AI Experience Zone will also support innovation through partnerships with companies across the United Kingdom. TCS is also investing in people, innovation, and skills in all four countries as it continues to grow its presence throughout the UK.

    Tata-UK a 50 Year Old Partnership

    With 42,000 direct and indirect jobs over the years, the Tata Group company claimed to have a 50-year collaboration with UK companies, spearheading their digital transformation and fostering talent development.

    The AI Experience Zone and London Design Studio, according to the business, are a “reimagination” of its flagship PacePort facility and are anticipated to be crucial in promoting client collaboration and creativity throughout the United Kingdom. TCS built a studio in New York in September, and this London location is its second.

    UK’s Investment Minister Applauding TCS’ Efforts

    The UK’s investment minister, Jason Stockwood, expressed his excitement in seeing Tata Consultancy Services’ (TCS) technological innovation up close at their Mumbai site. The Tata Group has demonstrated leadership in philanthropy and entrepreneurship for almost 150 years.

    Stockwood further mentioned that as TCS and the UK commemorate a historic prime ministerial visit to India, they have reiterated the two economies’ commitment to maximising the trade agreement they struck in July. The Tata Group, a valued investor in the UK, and its businesses, such as TCS, are essential to this goal, which will eventually result in job creation, financial gain, and economic expansion for both nations.

    Quick Shots

    •TCS
    to create 5,000 new jobs in the UK over the next three years as part of its
    talent development and investment plans.

    •AI
    Experience Zone and London Design Studio inaugurated to drive innovation and
    client collaboration.

    •UK
    is TCS’s second-largest market globally, according to Vinay Singhvi,
    President, UK & Ireland division.

    •AI
    Experience Zone will foster partnerships with UK companies and support
    emerging technology development.

    •Tata-UK
    partnership spans 50 years, contributing to 42,000 direct and indirect jobs.

    •London studio is a reimagination of
    the PacePort facility, following a similar studio launch in New York.

  • Recognized Startups Have Directly Generated 15.53 Lakh Job Opportunities

    On January 16, 2016, the Startup India initiative was launched by the government with the goal of creating a strong environment that could support innovative startups and attract investments to the startup ecosystem in India. Entities are acknowledged as “startups” under the Startup India initiative by the Department for Promotion of Industry and Internal Trade (DPIIT) in accordance with the eligibility parameters provided under G.S.R. regulation 127 (E) dated February 19, 2019. According to DPIIT, 1,40,803 companies have been identified as startups as of June 30, 2024. Reportedly, more than 15.53 lakh direct jobs have been generated by accredited firms since the Startup India initiative’s 2016 debut.

    Commenting on this development Ajay Goyal, Co-Founder & CEO, Erekrut HR Automation Solutions Private Limited stated, “Recognised startups have significantly contributed to the creation of 15.53 lakh job possibilities, demonstrating their enormous impact on India’s economic expansion. These startups not only spur innovation but also generate a sizable number of jobs in a variety of industries. At Erekrut, we’ve witnessed directly how startups, which offer a wide range of exciting career prospects, may revolutionise the labour market. This achievement emphasises how crucial it is to maintain and strengthen the startup ecosystem in order to keep promoting the creation of jobs and economic development.”

    As of 30th June 2024, the following is a breakdown of the total number of direct jobs produced by startups recognized by DPIIT, broken down by year: 31,980 new jobs were added in 2017, 1,00,646 in 2018, 1,63,463 in 2019, 1,81,404 in 2020, 2,10,545 in 2021, 2,74,685 in 2022, and 3,91,943 in 2023. In 2016, there were 306 new jobs. Direct employment increased by 1,78,316 in the first six months of 2024. There are 15,53,288 direct jobs created by companies that have been recognized by DPIIT as of June 30, 2024.

    Year Jobs Created
    2017 31,980
    2018 1,00,646
    2019 1,63,463
    2020 1,81,404
    2021 2,10,545
    2022 2,74,685
    2023 3,91,943

    PMEGP Backing Startup Companies

    As part of the Prime Minister’s Employment Generation Programme (PMEGP), the Ministry of Micro, Small & Medium Enterprises (MSME) is providing grants to business owners so they can launch non-agricultural ventures.

    Traditional artisans and young people without jobs in rural and urban areas will be given chances right where they live.

    An estimated 79 lakh people have found work as a result of the more than 9.69 lakh micro-companies that have received subsidies totaling more than INR 25,500 crore since the program began.

    The Ministry’s goal for the following two years, from FY 2024-25 to FY 2025-26, is to establish 1.6 lakh new businesses, which might generate jobs for 12.8 lakh people.

    Deendayal Antyodaya Yojana-National Rural Livelihood Mission

    Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM) is another initiative that the Ministry of Rural Development (MoRD) has put into action.

    One part of DAY-NRLM is the Startup Village Entrepreneurship Programme or SVEP.

    Approximately 6,26,848 people are now employed thanks to the 3,02,825 businesses that received funding through SVEP.

    The ‘Technology Incubation and Development of Entrepreneurs’ (TIDE) 2.0 Scheme is one of the startup initiatives introduced by the Ministry of Electronics and Information Technology (MeitY). Over the past two years, 1,235 businesses have received funding through the TIDE 2.0 Scheme, creating 8,556 new employment.

    More Than 12.42 Lakh Direct Jobs Created by 1,17,254 DPIIT-Recognized Startups
    A total of 1,17,254 startups were recognised by the DPIIT as of 31 December 2023, up from 300 in 2016, and these businesses have allegedly generated more than 12.42 lakh direct employment opportunities.
    StartupTalkyNitin Konde