bangalore hewlettpackard plans to train 500000 engineering graduates across the world and make them employmentready over the next five years of these 65000 will be in india hp through what it calls hp institute will rope in 350 universities in india to take this initiative forward the programme offers four accredited technical associate certifications covering industrystandard technologies courseware practice tests handson remote labs and certification exams the syllabus will cover connected devices networks servers storage and cloud computing brian beneda manager of academic programmes global certification and learning at hp said there was a business shift happening in technology more companies want to focus on newer and emerging technologies but they are facing an acute shortage of readily employable talent that understand business terms and not just geeky terms he said prior to launching this programme in india on tuesday hp had conducted pilots in 86 countries in association with over 1200 academic institutes eventually the programme will also become a talent sourcing point for hp globally a world bank policy research paper says that about 65 of employers in india are not satisfied with the skillsets of fresh engineering graduates some 92 of graduating engineers do not have the required programming and algorithm skills required by it companies whereas 56 show lack of softskills and cognitive skills says a report by training and employment assessment company aspiring minds there is a passing need across the it ecosystem to ensure that entrylevel hires are better equipped with the precise skills and experience they need to handle todays technical and business challenges said neelam dhawan country manager hp india the skillgap issue is a common issue across developed and emerging geographies ray kelly ceo of certiport a provider of it skills training and certification programmes and with which hp will be associated said skill gap is a serious issue in the 50 countries i have traveled in the last year everywhere there is mismatch between what academic institutes produce and whats actually required by the industry india produces over three million graduates and even though many companies have internal training programmes and many independent finishing schools have emerged nasscom says by next year the country would face a shortage of 500000 billable graduates b v naidu cochairman of karnatakas ict group said the skill gap had been impacting the growth of all businesses the government academia industry training outfits and fresh graduates need to work in partnership to solve this issue he said