University Relations The IT ‘outsourcing’ boom in India is now turning into ‘off-shoring’ boom. The former involved more of doing the ‘non-core’ software development from India for the companies of the western world (mainly from the US and Europe) just because of low cost engineering talent available in India. The latter one is more of doing ‘core’ product development from India and it requires real ‘quality’ engineers. As more and more companies are flocking into promoting career streams to completely based on technical growth, where an individual can grow till the level of Vice President by taking the technical path.
The Embedded systems business is poised for a very high growth in India but there is a huge shortage of 'quality' manpower. There are 6.5 lakhs of engineering graduates and almost 1 crore (10 million) science graduates in the country and very few of them are ‘employable’ by the industry. The 6.5 lakhs translates into a suitability pool of about 2 lakhs and then the 1 crore comes down to about 18 lakhs suitable people for the industry. On the one end there are fresh engineers waiting in the queue to get jobs and at another end companies are feeling the ‘pinch’ because of the talent crunch. There are multiple instances where companies are not able to hire quality engineers at the correct time and that has resulted in losing the project itself.
In spite of having ample amount of organizations working in the embedded systems domain, the awareness about the domain is very less among fresh engineering graduates and people who want to build careers in this domain. In order to bridge this problem, Emertxe has come up with the university relationship program mentioned below. This is more of a ‘proactive’ approach, where we bring in our industry experience to universities.