Manufacturing push is drawing expat CXOs home
Indian expats, including those at the CXO level ,looking to relocate to India primarily from the US, UK and Canada over the last year, recruitment agency Randstad India told ET. However, Randstand did not quantify the size of the surge of Indian expat applicants.
The manufacturing industry is expected to double in size over the next five years from employing around 2.5 to 3 million people to around 5 million by around 2030, Yeshab Giri, Chief Commercial Officer, Operational Talent Solutions at Randstad India, told ET.
Government emphasis with big ticket incentives in addition to benefiting from the China plus one strategy has seen the electronics manufacturing sector in particular opening up more opportunities for these expats. The government boosters are seen aiding local manufacturing to get stronger.
«People want to come back to India because there are more job opportunities for them here and the cost of living and income is better,» Giri said. «There's also a tremendous focus on innovation and digital transformation which is why we see close to about 40,000 or so expatriate talent that's there in the market looking at options with Indian employers.»
There was a time when Indians would move lock, stock and barrel to the United States primarily for greener pastures and to live the American dream. While this continues to happen, there's also a big shift that is taking place. Today, with the big boom in electronics manufacturing and semiconductor work happening in the country, many executives are looking to move
