The National Skill Development Corporation has collaborated with Future Learning, an education arm of the Future Group, and NIIT to train 14 million persons in the next 10 years.

The cost sharing between NSDC and Future Group is 73:27. The total outlay for the project is Rs. 58 crores. Meanwhile the NIIT project will cost around Rs 377 crore where NSDC will take a 10 per cent stake in NIIT Yuva Jyoti Ltd.

Speaking on the tie-up, Vijay Thadani, Chief Executive Officer, NIIT said, “NYJL aims to set up over 1,500 state-of-the-art NIIT Yuva Jyoti Centres across 1,000 cities. The aim is to provide industry and job-specific training to around 70 lakh young Indians by 2022, thus helping create a pool of job-ready workforce for the service industry. Further, a ‘Skills Inventory' of around 2.6 crore youth will be created by 2022.”

“Electricians, beauticians, technicians and others will be trained through this partnership,” said Mr Muralidhar Rao, Chief Executive Officer, Future Learning.

“We want to put hard skills right on top. A young skilled carpenter looking for a bride should be an impressive matrimonial advertisement,” said Dilip Chenoy, Managing Director and Chief Executive Officer, NSDC.

Earlier, NSDC cleared two sector skill councils– BFSI (Banking, Financial, Services and Insurance) and healthcare.

The corporation has cleared 34 projects and eight sector skill councils, added Chenoy.

[Source: Hindu Business Line]