 "Dr Reddy's inks pact with LSSSDC and VIPER for skill development")
Dr Reddy’s yesterday signed a memorandum of understanding (MoU) with The Life Sciences Sector Skill Development Council (LSSSDC) and Vishnu Institute of Pharmaceutical Education and Research (VIPER) to strengthen the skilled labour pool in the life science industry. The MoU is aimed at fostering market research collaboration between LSSSDC and industry partners, which in turn will help align educational courses to industry requirements. The MoU will also collaborate to create pharmaceutical, biotechnology and clinical research occupation standards, as well as establish a competency matrix for job roles in the pharmaceutical sector.
The partnership is aimed at addressing the shortage of skilled and certified manpower in the industry, and will help in establishing the framework for long-term collaboration between the council and industry. The partnership will also help strengthen the skilled labour pool and create standards for certification and accreditation, as per the requirements of the life sciences sector.
Satish Reddy, chairman, Dr Reddy’s Laboratories and chairman of the LSSSDC, said, “Skill intensive industries such as the pharmaceutical life sciences sector, are poised to contribute significantly to India’s GDP growth in the coming years. It is paramount for us to create a strong foundation of highly skilled resources to support this growth. Our collaboration with LSSSDC and VIPER will go a long way in developing the right talent pool of skills, in line with the future needs of Indian industry.”
The MoU between Dr Reddy’s Laboratories, LSSSDC and VIPER is expected to pave the way for the entire life sciences industry in Telangana and Andhra Pradesh regions to develop a skilled workforce for technical job roles, from as early as 2016.
The partnership is aimed at addressing the shortage of skilled and certified manpower in the industry, and will help in establishing the framework for long-term collaboration between the council and industry. The partnership will also help strengthen the skilled labour pool and create standards for certification and accreditation, as per the requirements of the life sciences sector.
Satish Reddy, chairman, Dr Reddy’s Laboratories and chairman of the LSSSDC, said, “Skill intensive industries such as the pharmaceutical life sciences sector, are poised to contribute significantly to India’s GDP growth in the coming years. It is paramount for us to create a strong foundation of highly skilled resources to support this growth. Our collaboration with LSSSDC and VIPER will go a long way in developing the right talent pool of skills, in line with the future needs of Indian industry.”
The MoU between Dr Reddy’s Laboratories, LSSSDC and VIPER is expected to pave the way for the entire life sciences industry in Telangana and Andhra Pradesh regions to develop a skilled workforce for technical job roles, from as early as 2016.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%