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Real Estate Sector Hiring Set to Surge 19% in FY25, According to New Report

Real Estate Sector Hiring Set to Surge 19% in FY25, According to New Report

The renewable energy landscape in India is thriving, as highlighted by a recent report from TeamLease Services, which indicates a promising outlook for job creation in this sector. Although hiring growth is projected to moderate slightly to 18.9% in FY25, this figure still represents a significant increase compared to 8.5% in FY23 and 10.4% in FY22. As the nation pushes towards its ambitious goal of 500 GW of non-fossil fuel capacity by 2030, the renewable energy sector is positioned to become a major player in the job market.

Government Initiatives Fueling Job Growth

The report emphasizes the impact of various government programs, such as the PM Surya Ghar: Muft Bijli Yojana, the National Green Hydrogen Mission, and the PM KUSUM initiative, which are pivotal in driving the sector’s expansion. These initiatives not only bolster direct employment but also foster skill development among the workforce.

  • Key Government Schemes:
    • PM Surya Ghar: Muft Bijli Yojana
    • National Green Hydrogen Mission
    • PM KUSUM
    • Solar PV Module PLI Scheme

Rising Demand for Tech-Savvy Roles

As companies in the renewable sector increasingly adopt digital technologies to enhance efficiency, there is a growing need for specialized roles. The study identifies a surge in demand for various positions, including:

  • Solar PV Technicians
  • Roofers
  • Production Operators
  • Storage Operators
  • Waste Management Specialists

Additionally, roles such as solar panel installers, energy auditors, and operational support professionals are also seeing increased demand, underlining the sector’s shift towards a more technology-driven workforce.

Regional Leaders in Renewable Energy Employment

Certain states like Rajasthan, Gujarat, Karnataka, and Tamil Nadu are at the forefront of solar energy production in India. These regions not only host the majority of the country’s solar power plants but are also driving employment opportunities, making them attractive destinations for talent and investment in renewable energy projects.

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Workforce Demographics and Trends

The report reveals interesting insights into the workforce composition within the renewable energy sector. It shows that:

  • 44.1% of contractual employees possess an ITI or diploma.
  • 28.9% are graduates.
  • 14.6% have completed their 12th grade.
  • 4.1% hold postgraduate degrees.

Additionally, the workforce is predominantly youthful, with 54.8% of employees aged between 26-35 years. There is also a notable presence of experienced professionals, with 16% in the 35-40 years age group and 18.2% over 40.

Challenges and Opportunities Ahead

According to Subburathinam P., COO of TeamLease Services, "India’s renewable energy sector is at a pivotal moment, propelled by robust government support and increasing corporate investments." While job growth is on the horizon, the sector faces challenges such as high employee turnover and skill shortages. To tackle these issues, a structured approach to workforce planning is essential. By focusing on vocational training and digital skills development, organizations can create a sustainable talent pipeline that meets the demands of this evolving industry.

In conclusion, India’s renewable energy sector not only plays a crucial role in achieving environmental goals but also serves as a significant catalyst for job creation, paving the way for a greener economy. For further insights on this topic, you might find related articles on renewable energy trends and workforce development strategies helpful.

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