The hiring climate seems to be improving in oil & gas, some segments of information technology and for senior managers. The JobSpeak Index for March showed hiring in oil & gas rising 22% over the previous year. Demand for AI and machine learning roles grew by 12% over March 2023. Within the artificial intelligence (AI) and machine learning (ML) space, the role of ML engineer saw the highest hiring demand, with a 82% growth YoY. Full stack data scientists were also in demand, with a growth of 20%.
Oil and Natural Gas Corp (ONGC) is planning to drill a well in Bihar this year to look for oil and gas. A commercial discovery will not just put the state on India’s oil map but also open up for exploration the entire Ganga basin stretching from Bihar to Uttar Pradesh and Punjab.
Optiemus Infracom, the domestic wearables and telecom equipment manufacturer, has invested Rs 25 crore to establish Optiemus Unmanned Systems (OUS) for research and development in high-precision drones. The company plans to manufacture drone designs for various sectors, including defense, healthcare, agriculture, logistics, mining, railways, and oil and gas. With a focus on data security and localisation, Optiemus aims to achieve 65% indigenisation within a year of launch. This move supports the Indian government’s objective of promoting end-to-end local production in the drone sector.
