Economy

Private sector can help meet skilled workforce target

HONING SKILLS: Finance Minister Pranab Mukherjee with Rakesh Bharti Mittal, Vice-Chairman and Managing Director, Bharti Enterprises (left) and Chairman, National Skill Development Corporation (NSDC), M. V. Subbiah (right) during the meeting of NSDC, in New Delhi on Monday. Photo: V. Sudershan

HONING SKILLS: Finance Minister Pranab Mukherjee with Rakesh Bharti Mittal, Vice-Chairman and Managing Director, Bharti Enterprises (left) and Chairman, National Skill Development Corporation (NSDC), M. V. Subbiah (right) during the meeting of NSDC, in New Delhi on Monday. Photo: V. Sudershan   | Photo Credit: V_Sudershan

National Skill Development Corporation to play a pro-active role

Finance Minister Pranab Mukherjee on Monday said India was faced with a major challenge of creating a skilled workforce of 150 million by 2022 and the National Skill Development Corporation (NSDC) had made a good beginning in this regard.

Stressing on the need for private sector participation in creating manpower with technical knowhow in his address to the NSDC board here, Mr. Mukherjee said: “We have a challenging target of creating a skilled worked force of 150 million persons by 2022...Since the government alone cannot achieve this target, participation of private sector has been mandated through NSDC.''

Emphasising on the need to streamline content and curriculum development, setting up of competency standards, assessment and certification of trainees and accreditation of certifying entities, the Finance Minister advised the NSDC to develop these benchmarks and thresholds in line with the international best practices to ensure that the demographic dividend of India is leveraged to meet the skill needs in other countries and jurisdictions.

Mr. Mukherjee said that he expected the NSDC to play a more pro-active role in this regard in the coming months in terms of formation of sector skill councils and tie-ups with industry associations. Alongside, he also stressed on the need to generate monitoring and evaluation mechanisms.

Citing a study by ICRA, Mr. Mukherjee indicated that the incremental skilled workforce requirement in 20 high growth segment and the unorganised sector would be 240-250 million till 2022. “It is indeed going to be a challenging task to bridge this skill gap. Obviously, government alone cannot achieve this target.''

It was in realisation of the need to bridge this huge skill gap that the NSDC was set up as a joint venture between the government and industrial associations for developing skilled workers and was expected to play a nodal role in the project. Industry bodies such as CII, FICCI and CITI which are stakeholders have also put forward proposals to open new skill development centres.

Since its inception last year, the NSDC had approved nine training projects. Three more projects are in advanced stages of approval, while 25 others are at various stages of diligence. The Finance Minister also presided over the inking of an agreement for forming of a joint venture between NSDC and Centum Learning, an associate company of Bharti Enterprises. The venture, Centum Workskill India Ltd., has plans to open 383 centres across the country to train 1.15 crore youth in technical skills by 2022.

Why you should pay for quality journalism - Click to know more

null
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Feb 27, 2020 11:52:33 PM | https://www.thehindu.com/business/Economy/Private-sector-can-help-meet-skilled-workforce-target/article16010236.ece

Next Story