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The National Association of Software and Services Companies (NASSCOM) has stated that its non-profit social arm will use corporate social responsibility funds (CSR) to retrain IT engineers in blockchain, artificial intelligence, machine learning and robotics .
The initiative was announced at the Tech for Good conference of the Nasscom Foundation in Bengaluru on innovative approaches to CSR. Nasscom Foundation is the non-profit social arm of Nasscom. The Nasscom Foundation obtains CSR funds from members of the IT industry lobby group.
Nasscom said that the technologies mentioned above can solve everyday problems while improving the social fabric of the country.
Rekha Menon, president and senior managing director at Accenture India, a consulting services company, said that the country's computer engineers need to improve and re-skills to remain relevant.
According to an Accenture report, 95% of the IT workforce felt they needed new skills to remain relevant.
Ashok Pamidi, managing director of Nasscom Foundation, said: "Development for all has been one of the cornerstones of the Indian government's public policy and we want to continue the vision by providing a platform for the IT-BPM (business process management) to collaborate and solve the most pressing problems of India ".
About 80% of the jobs created in the future will require STEM: scientific, technological, engineering and mathematical skills, said Nasscom. He added that the CSR initiatives will also focus on STEM education for children by building spaces for the makers, arming workshops, collaborating to develop curriculum and expose students to new technologies at a young age.
The development comes after Nasscom presented a program to help technology startups in India in September.
The Accelerate 10X program is part of the Nasscom 10,000 Startups initiative and will support 100 startups that mature every year, the industry group said.
It is a six-month program divided into phases of 45 days each and will focus on three key aspects: product (acceleration and global tutoring), technology (engineering and advanced technology lab) and access to patient capital, Nasscom said.
