Green industry expected to create 3.7 million new jobs by the end of fiscal year 2025
Tuesday, 07 November 2023, 11:13 IST
The green economy is flourishing, with the country's green industry expected to create 3.7 million new jobs by FY25. This is in addition to the current 18.5 million jobs, the Green Industry Outlook TeamLease Digital. The most sought-after green skills include expertise in renewable energy, environmental health safety, solar energy, corporate social responsibility, and sustainability. The most in-demand roles are solar project managers, solar O&M technicians, wind energy engineers, biofuel process engineers, carbon analysts, sustainability consultants, PCB design engineers, e-waste managers, and hydrogen project managers.
Munira Loliwala, assistant vice president of strategy & growth at TeamLease Digital, says the waste management sector, including e-waste, is expected to see a 20% increase in job opportunities by FY25. Similarly, the wastewater management sector is projected to grow by 16% (in terms of jobs) during the same period. Renewables are expected to create 30% of the total job opportunities, followed by green construction at 18% and climate change at 15%. Companies across different sectors are hiring aggressively to meet the demands of the green economy. At Larsen & Toubro, where managing director SN Subrahmanyan is focusing on green business, around 37% of the revenue comes from this sector. As a result, the company's hiring strategy will be aligned with its revenue contribution. C Jayakumar, the head of corporate human resources, confirmed this.
L&T has significantly increased its hiring since last year, with a focus on roles in design for sustainability, such as green buildings, renewable energy, and circularity, as well as business development, R&D, project management, operation, ESG, sustainability, and production. The company plans to increase its revenue share from green businesses to 40% by FY26, which is why they are highly motivated to expand its green business and are hiring accordingly. Jayakumar stated that they are targeting talent from top educational institutes such as IITs, IIMs, NITs, and NICMAR, as well as from the international market based on project requirements. MG Motor India is also hiring for green jobs, with around 20% of their workforce currently employed in such roles. Yeshwinder Patial, senior director of HR, mentioned that the demand for electric, autonomous, and connected cars is growing rapidly in India, and this is fostering the need for a skilled workforce. They expect this trend to continue and the number of green jobs to grow many-fold by 2030.
Electric vehicles are set to play a crucial role in generating green jobs. The clean energy sector, which includes energy, environment and water, is expected to grow by over 36% between fiscal year 2024 and 2025, as per TeamLease. The majority of new employment opportunities will be created in the climate change and solar energy sectors. Additionally, the green hydrogen industry is expected to expand at a compound annual growth rate of 20% from 2025 to 2030, thanks to significant government investments and initiatives such as the National Green Hydrogen Mission.
Munira Loliwala, assistant vice president of strategy & growth at TeamLease Digital, says the waste management sector, including e-waste, is expected to see a 20% increase in job opportunities by FY25. Similarly, the wastewater management sector is projected to grow by 16% (in terms of jobs) during the same period. Renewables are expected to create 30% of the total job opportunities, followed by green construction at 18% and climate change at 15%. Companies across different sectors are hiring aggressively to meet the demands of the green economy. At Larsen & Toubro, where managing director SN Subrahmanyan is focusing on green business, around 37% of the revenue comes from this sector. As a result, the company's hiring strategy will be aligned with its revenue contribution. C Jayakumar, the head of corporate human resources, confirmed this.
L&T has significantly increased its hiring since last year, with a focus on roles in design for sustainability, such as green buildings, renewable energy, and circularity, as well as business development, R&D, project management, operation, ESG, sustainability, and production. The company plans to increase its revenue share from green businesses to 40% by FY26, which is why they are highly motivated to expand its green business and are hiring accordingly. Jayakumar stated that they are targeting talent from top educational institutes such as IITs, IIMs, NITs, and NICMAR, as well as from the international market based on project requirements. MG Motor India is also hiring for green jobs, with around 20% of their workforce currently employed in such roles. Yeshwinder Patial, senior director of HR, mentioned that the demand for electric, autonomous, and connected cars is growing rapidly in India, and this is fostering the need for a skilled workforce. They expect this trend to continue and the number of green jobs to grow many-fold by 2030.
Electric vehicles are set to play a crucial role in generating green jobs. The clean energy sector, which includes energy, environment and water, is expected to grow by over 36% between fiscal year 2024 and 2025, as per TeamLease. The majority of new employment opportunities will be created in the climate change and solar energy sectors. Additionally, the green hydrogen industry is expected to expand at a compound annual growth rate of 20% from 2025 to 2030, thanks to significant government investments and initiatives such as the National Green Hydrogen Mission.
