India’s workforce skills development needs are gigantic :
- 25% of the world’s new workers in the next decade will be Indian… But an unemployed, uneducated or unskilled Indian is not a free Indian—and usually a poor Indian.” writes Manish Sabharwal in Can India’s demographic dividend deliver prosperity? on economictimes.indiatimes.com. (link)
- “The Indian education sector has grown manifold in terms of diverse range of programmes at all levels and demand for quality education. “In the next 10 years, India’s education sector needs an investment worth $150 billion,” says the Indian Education Franchising report 2011. India will need 1,000 more universities and 45,000 more colleges to cater to an estimated 40 million students by 2020.” reports economictimes.indiatimes.com in If education be the food of corp; financing is the life blood. (link).
So it is of no surprise that Public Private Partnership is part a the solution.
“The National Skill Development Corporation India (NSDC) is a one of its kind, Public Private Partnership in India. It aims to promote skill development by catalyzing creation of large, quality, for-profit vocational institutions. It provides viability gap funding to build scalable, for-profit vocational training initiatives. Its mandate is also to enable support systems such as quality assurance, information systems and train the trainer academies either directly or through partnerships.”
Its Objective
“To contribute significantly (about 30 per cent) to the overall target of skilling / upskilling 500 million people in India by 2022, mainly by fostering private sector initiatives in skill development programmes and providing viability gap funding.”
Its Mission Statement
- “Upgrade skills to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum and quality assurance
- Enhance, support and coordinate private sector initiatives for skill development through appropriate Public-Private Partnership (PPP) models; strive for significant operational and financial involvement from the private sector
- Focus on underprivileged sections of society and backward regions of the country thereby enabling a move out of poverty; similarly, focus significantly on the unorganized or informal sector workforce.
- Play the role of a “market-maker” by bringing financing or viability gap funding, particularly in sectors where market mechanisms are ineffective or missing
- Prioritize initiatives that can have a multiplier or catalytic effect as opposed to one-off impact”
Which sectors does NSDC provide services for?
The NSDC provides services for the following sectors in India:
- Automobile / autocomponents
- Electronics hardware
- Textiles and garments
- Leather and leather goods
- Chemicals and pharmaceuticals
- Gems and jewellery
- Building and construction
- Food processing
- Handlooms and handicrafts
- Building hardware and home furnishings
- IT or software
- ITES-BPO
- Tourism, hospitality and travel
- Transportation/ logistics/ warehousing and packaging
- Organised retail
- Real estate
- Media, entertainment, broadcasting, content creation, animation
- Healthcare
- Banking/ insurance and finance
- Education/ skill development
- Unorganised sector
Job Market Monitor 
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