What are the reasons for the decline of Technical Training Budgets in Organizations?

Most companies today stress on Soft Skill Training Programs. This trend reversal has occurred in the past 10-12 years.
Could the experts here come up with possible reasons for the same?

Dear Nikhil S Gurjar,
Nice to see you after a long while.
You have made two important statements. Of the two, one is in the heading itself. It reads, "What Are The Reasons For The Decline Of Technical Training Budgets In Organizations?"
The second statement is in the main body of your post. It reads, "Most companies today stress on Soft Skill Training Programs. This trend reversal has occurred in the past 10-12 years."
Rather than replying the statements, the question arises is what is the source of your information? Did you conduct any kind of survey? If conducted, then what was the sample size and was it specific to any industry or across the spectrum of industries?
To reply your question, let me quote you from my experience that there is discernible shift in the mindset of the employers per se. Companies continues to spend largest chunk of their training budget on the technical training programmes. Soft skills training programmes just consume 10-20% of the training budget. Be it IT industry or real estate industry, this is the scenario.
Other senior members, who are into the training or HR and also allocate budget for the training, can reveal their experience.
Thanks,
Dinesh Divekar

Thanks Dinesh. This is not a large sample, but I did get this feedback from about 50 organizations that we have been interacting with. The geography is Mumbai and these are mostly in manufacturing or services (nonIT). I would wait to hear from the others as well.
Yes, its been a long time since I got on CiteHR. Lets connect offline.

Dear all, There is a discernible shift towards Soft Skill training as the human element is getting more and more attention and importance in organisations, particularly in manufacturing sector where technology is more or less stable. But I don't agree with the perception that technological training is being relegated to the sidelines. Most of the organisations are doing a lot of automation and increased application of IT in manufacturing technology. These incremental changes are necessitating technology upgradation training. For instance there is a world of change in the material handling technology in the last decade. So the new machines and technology requires better skills and technical knowledge. An organisation has to keep up with the times in its core activity, lest it becomes dinosaurs of the modern world. So it has to keep abreast and technical training is needed all the more.

Thanks KK. Your perspective is similar to what I have been seeing. Just to clarify, are the technical training programs you mentioned restricted to the junior staff or the senior staff?
Further, a percentage split would help substantiate this discussion.