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The packaging industry is growing at 15-17 per cent and the sector has the potential to create employment opportunities in the country, industry experts said. The experts also called for the promotion of domestic players and setting up the packaging industry in every district on the lines of the one district one product' initiative to create jobs at the local level. "Presently, the demand for packaging of all things has increased a lot and there is a lot of scope for employment in this sector," Prof Tanveer Alam, Director of the Indian Institute of Packaging (IIP) Delhi, said at the Asian Packaging Congress here on Saturday. The event was organised by the Indian Institute of Packaging (IIP), an autonomous body under the Union Ministry of Commerce and Industry, a release said. The packaging business in the world is worth USD 79 billion and has a growth rate of 15-17 per cent, Alam said. Industry experts opined that to boost the industry, packaging units should be set up in every ..
A marginal increase of 1 per cent in e-recruitment in the white-collar space was seen in February this year despite growing macroeconomic challenges, according to a report. foundit Insights Tracker (fit) on Thursday released its report that provides comprehensive monthly analysis of job posting activity online across recruitment platforms. It noted that the rise in e-recruitment was driven by entry-level positions. "Despite rising concerns at a macroeconomic level, there is a rise in hiring freshers as well as enabling a diverse and inclusive workplace. In February, there was a marginal growth of 1 per cent in e-recruitment space compared to same month last year. The tech industry, despite a few setbacks, remains the single largest employer of fresh talent and women," foundit, a Quess company, CEO Sekhar Garisa said. foundit was previously known as Monster APAC and ME. The tech industry has been instrumental in leading India's post-pandemic recovery and will continue to drive the
Around 10,000 small businesses that had deposits in Silicon Valley Bank will fail to make payroll in the next 30 days and around 1 lakh jobs are expected to be impacted due to the collapse, Y Combinator said in a petition to the US government on Sunday. In the petition to US Secretary of Treasury Janet Yellen, FDIC chairman Martin J Gruenberg and other senior government authorities, Y Combinator (YC) said that one-third of startups within its community used Silicon Valley Bank as their sole account and will fail to have the cash to run payroll in the next 30 days. "By that measure, we can estimate that payroll-related furlough or shutdown will impact more than 10,000 small businesses and startups. If the average small business or startup employs 10 workers, this will have an immediate effect of furlough, layoff, or shutdown, affecting over 100,000 jobs in the most vibrant sector of innovation in our economy," the petition said. The petition has been signed by more than 3,500 ...