Ahmedabad: With high paced growth in
industrial sector, India will need at least 50,000 company
secretaries (CS) by 2020, Institute of Company Secretaries of
India (ICSI) said today.
According to data released by ICSI, there has been over
70 per cent growth in students enrolment for CS programme in
last few years.
"Lately, we have seen a huge surge in the students
enrolling for CS programmes, which means enormous number of
students now are opting to become CS," president of ICSI
Vinayak Khanvalkar said.
He said that with growth in industrial sector, role
of CS is becoming increasingly important and therefore there
is also shortage of CSs in the country.
According to him, CS would play vital role in corporate
restructuring, cross border insolvencies, mergers and
amalgamations, international tax planning and arbitration
and dispute resolution, indirect taxation and a host of other
avenues in the corporate ladder.
"In recent years, ICSI has introduced various initiatives
like career orientation programmes for youngsters,
professional development programmes and research projects," he
said.
Presently, there are 22,000 CS either working as
employee of big industrial houses or practising independently
in the country, ICSI said.
PTI
