NASSCOM Current Affairs - 2020

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Future Skills: Wipro, NASSCOM launch platform to train 10,000 engineering students

Information Technology firm Wipro has partnered with IT body NASSCOM (National Association of Software and Services Companies) to launch a skilling platform called ‘Future Skills’ for new age technologies such as Artificial Intelligence (AI), Internet of Things (IoT) that will reach 10,000 students from over 20 engineering colleges in India.

About ‘Future Skills’ Platform

The initiative is a part of Wipro’s Corporate Social Responsibility (CSR) programme, TalentNext which aims to enhance quality of engineering education by preparing faculty and academic leaders to train students.

Future Skills is a new age platform built to bridge industry-academia skill gap as well as help students keep pace with emerging technologies like- AI, IoT, Big Data, Cloud Computing and Cybersecurity – to make them future-ready. It will create a talent pool of students, certified by Wipro and NASSCOM.

The platform enables learning the skills required in emerging technologies and more importantly, it helps individuals develop an aptitude for learning. It allows content and people to come together as well as allows curation and learning at one’s own pace.

NASSCOM aims to add 90 million working professionals to industry by 2030, and the partnership with Wipro will ensure they possess the right skills to be employed.

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NASSCOM Report: India-third largest startups hub in the world

The Nasscom report on Indian Tech Start-Up Ecosystem said that India continues to the third largest start-up ecosystem after China and US. India has added more than 1300 tech start-ups in 2019 according to the report. Between January to September in 2019, there were 8900 to 9300 startups as compared to 7700-8200 a year ago.

Highlights

  • The investment in startups in the period January-September, 2019 touched 4.4 billion USD.
  • The indirect jobs that created by the startup ecosystem can jump to 39 to 44 lakh by 2025 from 14 to 16 lakh in 2019
  • The Indian startups have the potential to grow about 4 to 5 times by 2025
  • Around 18% of the startups are leveraging deep-tech, fin tech, retail tech that are the most mature sectors with strong metrics
  • In 2019, the startups created 60,000 direct jobs as compared to 40,000 in 2018
  • Seven new unicorns were added in 2019. This takes the total number of unicorns in the country to 24 which is the third highest number of unicorns in a single country in the world. Unicorn refers to tech startup that reaches 1 billion USD market value. 71% of these unicorns are B2B focused.

NASSCOM

NASSCOM is National Association of Software and Services Companies. It is a non-profit trade association of Indian IT and BPO industries.

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