GUWAHATI, Oct 3 – The National Skill Development Corporation (NSDC) under the Ministry of Finance, Government of India, and Future Group have formed a strategic tie-up to create a joint venture company called Future Sharp Skills Limited that will train and provide sustainable livelihood to 1,50,000 youths of Assam by 2022.
“Future Sharp Skills Limited has ambitious plans to launch multiple training hubs in the near future. The immediate beneficiaries of this skill mission will be standard X/XII-pass as well as graduates of small towns and semi-urban cities who will be provided with skilling opportunities in sought-after vocations and then provided placement assistance so that they can earn a livelihood,” it said in a statement.
Initially, the knowledge hubs will broadly cover areas like Guwahati, Jorhat and Silchar and then spread across the State to reach cut to the maximum number of students. Course contents will be updated regularly with strategic inputs from the George Telegraph Training Institute on automobiles while hospitality inputs will come from the American Hotel & Lodging Educational Institute Association
The ‘Mission Skill Project’, has been programmed in accordance with the Unique Apprentice Model, wherein a student can learn and earn simultaneously. “With an objective of providing sustainable livelihood, this project with its tag line ‘Life Ban Jaaye’ is expected to touch many lives and act as a catalyst to boost growth in the economy,” it added.
The courses in the programme are structured in such a manner that the classroom sessions at the skill academies are followed by ‘on the job’ assignments. The initial set of programmes offered will cover retail, hospitality and information technology-enabled services (ITeS). Each batch will have maximum of 25-28 students to maintain the optimum teacher to student ratio.
Muralidhar Rao, CEO, Future Sharp Skills Limited, says it was happy to partner NSDC’s mission of making India globally competitive in every sector. “This is a revolutionary project and we are confident that first-time entrepreneurs and skilled workforce will get sustainable and gainful livelihood,” he adds. Corporates like Titan, Fencer, Emami, Speciality Group of Restaurants, Sodexo and Future Group have already confirmed that they will recruit our students and we expect a good response from other corporate houses as well.”
NSDC is a one-of-its-kind, public-private partnership that promotes skill development by catalysing the creation of large, quality, for-profit vocational institutions. It provides funding to build scalable, for-profit vocational training initiatives. Its mandate is also to enable support systems such as quality assurance, information systems and train the trainer academies either directly or through partnerships.
The NSDC was set up as part of a national skill development mission to fulfil the growing need in India for skilled manpower across sectors and narrow the existing gap between the demand and supply of skills. The Finance Minister had announced the formation of the NSDC in his budget speech in 2008-09.
Its objective is to contribute significantly to the overall target of skilling and up-skilling 500 million people in India by 2022, mainly by fostering private sector initiatives in skill development programmes and provide partial funding.