Business Standard
Thursday, May 31, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

NSDC to set up 28 Sector Skills Councils
BS Reporter / Chennai/ Hyderabad Jun 18, 2011, 00:51 IST

The National Skill Development Corporation (NSDC), co-promoted by the finance ministry with the mandate to involve the private sector in training 500 million people by 2022, is planning to set up 28 Sector Skill Councils (SSCs) across verticals.

“Currently, 27-28 SSC proposals are in the pipeline. We hope to create these over a period of time,” said Dilip Chenoy, chief executive officer of NSDC.

It has already incorporated six sector skills councils in automotive - called Automotive Skills Development Council, energy, retail, private security, media, entertainment and animation, and IT and ITeS.

The function of NSDC would be to support the funding requirement of SSC and represent in project implementation. Each SSC would have its own governing body, he said.

There is a huge skill shortage in the unorganised sector, in nutrition and hospitality. “We aim to train 37 million in the unorganised sector, 35 million in the automotive sector and 33 million in the construction segment,” he added.

So far, NSDC has approved 36 projects, which include 30 companies and six SSCs. It has committed a funding of Rs 1,016 crore since February 2010 to train five million people. NSDC has identified 20 sectors to train 150 million people by 2022.

TALENTSPRINT
City-based TalentSprint, a professional training company, today entered into an agreement with the Andhra Pradesh Society for Knowledge Networks (APSFKNW), which operates Jawahar Knowledge Centres (JKC), to offer skill development programmes to rural and semi-urban graduates.

TalentSprint has already partnered NSDC.

Under the letter of agreement (LoA), around 1,000 rural and semi-urban graduates would be nominated by APSFKNW per year to undergo skill training at TalentSprint, Santanu Paul, chief executive officer of TalentSprint, said at the inauguration of its Employability and Skill Development Centre, here.

The centre will offer a three-month course and train 260 students per batch. The course fee is Rs 45,000 for the urban students and Rs 25,000 for rural students. It has tied up with 50 companies for placement.

“We hope to train 500,000 unemployed youth by 2020,” he added. TalentSprint has two training centres in Andhra Pradesh at Hyderabad and Anantapur and one in Tamil Nadu at Chennai.

The company has received Rs 10 crore funding from NSDC. It has raised Rs 7-8 crore from its promoters and angel investors, Paul said.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Pre-market: Gap down opening seen
- Rajat Gupta defence takes aim at trader's credibility
- Facebook over, let's go to the movies
- Surging Spain borrowing costs hit Asian shares
- FII-TO-FII: Pantaloon traded at 9% premium
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Help a Child Achieve her. Click to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Vodafone notice on arbitration premature: Govt
- Coal blocks for infrastructure projects get GoM nod
- Army chief slams BEML on Tatra, awards it Rs 1,500-cr deal
- Wealthy clients turned tables on UBS and staff?
- Tata Motors skids as margins dip at JLR
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us