Tripartite agreement signed between AAI, NSDF and NSDC

Agreement was signed by A. K. Dutta on behalf of AAI, CEO of NSDC, Jayant Krishna and Joint Secretary of MSDE, Rajesh Agrawal

Rajiv Pratap Rudy (Photo: Wikipedia)
Rajiv Pratap Rudy (Photo: Wikipedia)
ANI New Delhi
Last Updated : Jun 17 2016 | 4:01 PM IST

The Airports Authority of India (AAI), National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC) have signed a Memorandum of Understanding (MoU) in New Delhi at Taj Mansingh Hotel last week.

The agreement was signed in presence of Union Minister for Civil Aviation P. Ashok Gajapathi Raju, Minister of State for Skill Development and Entrepreneurship (MSDE) Rajiv Pratap Rudy, Ministry of Civil aviation secretary Rajeev Nayan Choubey, senior officials of MSDE, various airline industries, and government organizations.

The agreement was signed by A. K. Dutta on behalf of AAI, CEO of NSDC, Jayant Krishna and Joint Secretary of MSDE, Rajesh Agrawal for their respective organizations.

Under the Memorandum of Understanding (MoU), AAI shall provide fund of Rs.525 lakhs for a period of three years starting from the year 2016-17 to the NSDF.

During the year 2016-17, Rs. 125 lakhs shall be made available to the NSDF and in subsequent two years Rs. 200.00 lakhs shall be provided for Setting up of Skill Development Centre.

AAI shall disburse its Corporate Social Responsibility Funds to the NSDF and the NSDC to manage the Projects and implement through its approved training partners. AAI shall also extend its infrastructural facilities at different airports for the purpose of setting up of skill training centers subject to availability.

AAI would also encourage certification under recognition of prior learning for manpower engaged by AAI itself or through its contractors. Further, AAI will also sponsor such affected persons, whose land has been acquired for AAI project, for skill development training in the identified areas for livelihood.

Speaking on the occasion, Rudy, appreciated AAIs initiative and expressed hope that it would be followed by other Ministries also.

Addressing the event, Minister of Civil Aviation also expressed pleasure for signing the MoU to impart skill training to the youth which will meet the requirement of skilled force in various sectors.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 17 2016 | 3:30 PM IST

Next Story