Journal Press India^®

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Technical Education is one of the most important components of the entrepreneurial ecosystem for creating a knowledge society which means a quality life of the society. There has been a tremendous amount of developments that has taken place to improve the quality of life of the people through sound technical education. At present there are 6214 Engineering and 3764 management institutions, with the intake capacity of 2934580 and 449829 students respectively. Still the technical and the higher educations have their own issues connected with suiting the demands of labor market. India has a huge potential to be the superpower with its abundant natural resources and young workforce. Since the globalization, liberalization and the privatization, there has been an expectation that India will seize all the opportunities and showcase its potential. But manufacturing sectors contribution to India’s GDP has reduced from 15% to 13%. So “Make in India” which is a programme to make India the manufacturing superpower by encouraging and inviting manufacturers to set their bases in India needs a skilled labour force which has the tacit knowledge about manufacturing. Skilled labour required in manufacturing are in short of supply and this affects productivity and quality of manufacturing companies. This paper concentrates on challenges and opportunities for the Technical education institutions in preparing designed individuals who can possess tacit knowledge to meet and exceed the demands of labor market through its curriculum, which will enable to achieve the objectives of Make in India Programme which is a strategic move towards making India a manufacturing hub.

Keywords

Technical Education; Knowledge Society; Designed Individuals; Tacit Knowledge; Labor Market

1 Prof. Salunke Uday & Prof. Pankajakshan Vijayan (2014), B Schools need to prepare students with employability,Indian Management The Journal of AIMA,A Business Standard Publication, Volume 53; November 50-53.
2 S. V. Sukumar & Kamat Shridhar(2015), Challenges Before Make in India, Indian Management The Journal of AIMA,A Business Standard Publication, Volume 54; May 32-35.
 

Online Article:
3 Prof.Jayanthi Rajan & Prof.Saani Khalil (2007), Application of Knowledge Management in Management Education “n.d.”, Journal of Theoretical and Applied Information Technology, http://jatit.org/volumes/research-papers/Vol3No3/3vol3no3.pdf

Report:
4 Annual Report, AICTE, 2011-12, New Delhi.