Green industry expected to add 3.7 million jobs by FY25: TeamLease Digital report

Green industry expected to add 3.7 million jobs by FY25: TeamLease Digital report

BENGALURU: Wanted: professionals with the know-how to manage India’s transition to a green future.

The green economy is booming, and the country’s green industry is expected to add 3.7 million jobs by FY25 to the current 18.5 million, according to the Green Industry Outlook report by TeamLease Digital, shared exclusively with ET.

The most sought-after green skills are in renewable energy, environmental health safety, solar energy, corporate social responsibility and sustainability.

The profiles that are in most demand: solar project managers, solar O&M technicians, wind energy engineers, biofuel process engineers, carbon analysts, sustainability consultants, PCB design engi neers, e-waste managers and hydrogen project managers.

“Waste management, comprising e-waste, is estimated to see a rise in jobs by 20%, while the wastewater management sector is projected to grow by 16% (in terms of jobs) by FY25,” Munira Loliwala, assistant vice-president of strategy & growth at TeamLease Digital, told ET. Renewables are expected to account for 30% of total jobs, followed by green construction at 18% and climate change at 15%, Loliwala said.

Sectors across the board are hiring aggressively, said companies. At Larsen & Toubro, where managing director SN Subrahmanyan is leading the wave of elevating green business, around 37% of the revenue comes from green businesses, and the hiring will also be in proportion to its revenue contribution, said C Jayakumar, head of corporate human resource.Hiring at L&T has seen a substantial increase since last year and the company is primarily looking at roles in design/ design for sustainability (e.g., green buildings, renewables, circularity, etc.), business development, R&D, project management, operation, ESG, sustainability and production. The company aims to increase the share of revenue from green businesses to 40% by FY26. “We have a huge thrust on the expansion in green business, which is linked to our hiring trend,” said Jayakumar. L&T is looking for talent from IITs, IIMs, NITs, NICMAR, etc., as well as from the international market based on project requirements, he added. MG Motor India employs around 20% of its workforce in green jobs, which is expected to grow many-fold by 2030, said Yeshwinder Patial, senior director, HR. “India is witnessing a rapid surge in the demand for EVs, autonomous and connected cars, fostering demand for a skilled workforce,” he added.Electric vehicles is among the key sectors poised to generate green jobs.

The clean energy sector (covering energy, environment and water) is predicted to grow by more than 36% between FY24 and FY25, the TeamLease report said, with the bulk of new jobs being added in the solar energy and climate change segments. The green hydrogen sector is projected to expand at a compound annual growth rate of 20% during 2025-30, given major government investments and initiatives such as the National Green Hydrogen Mission.

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Author: Shirley