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Indian entrepreneurs face shortage of skilled workforce: Study
By siliconindia
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Friday, 14 December 2007, 02:57 IST
New Delhi: According to a study conducted by KPMG, a global consultancy service firm and The Indus Entrepreneurs (TiE) which is a non-profit organization promoting entrepreneurship, Indian entrepreneurs are finding it hard to earn skilled workforce for their business even though they have benefits from globalization. Findings of the study named 'Indian Entrepreneurial Confidence Index' are yet to be published, reported The Economic Times.
"Finance, infrastructure and human resources are found to be the main focus areas for entrepreneurs. Most of them are finding it difficult to get enough skilled workforce required for their respective business," said Pradeep Udhas, KPMG Head Markets (India).
Entrepreneurs in the manufacturing sector are satisfied with their business compared to the firms in the services industry, he added.
The confidence index is aimed at creating awareness on issues relevant to entrepreneurs by focusing on entrepreneurship development in different states.
Over 300 entrepreneurs who have their start-ups at different levels of growth were interviewed for the study. . The companies were just one to three years old, were considered to be in the growth stage while those companies between three to five years were classified as early stage firms.