Friday, July 01, 2011

TeamLease signs agreement with NSDC to train 1.8 million

Staffing company TeamLease Services Pvt. Ltd. on Thursday entered an agreement with the National Skill Development Corporation (NSDC), a body co-promoted by the Union government, to train 1.8 million people in skills that will help them get jobs. The firm will largely target school dropouts in remote areas. Overall, it will open 1,349 multi-skill development centres, including 209 integrated centres in cities.

“It has a potential of generating revenue worth Rs. 11.77 billion over a period of 10 years,” said Ashok Reddy, Managing Director of the Indian Institute of Job Training, or IIJT, a unit of TeamLease Services, adding that India’s high school dropout rate stands at 56%. “The good part of this tie-up is that they (TeamLease) will venture into chemical sector among other industrial sectors to train human resources,” said NSDC chief executive Dilip Chenoy.

NSDC has to provide skills training to 150 million people in 10 years as part of a broader mandate to train 500 million people to bridge the skills gap that’s hindering Indian industry. Reddy said TeamLease will leverage its expertise of skills education that it runs in 250 centres under IIJT. The new centres will use satellite technology, e-learning platform and virtual simulation to train students, Reddy said, adding: “Bringing students in smaller towns will be a challenge, but we are hopeful.”

TeamLease recently announced a partnership with the Gujarat government to set up a vocational education university in the state.

Source: Mint, July 1, 2011
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