In a major vocational training initiative, the chennai-based Everonn Education Ltd has joined hands with the National Skill Development Corporation (NSDC) to launch its International Skills School to train personnel for nine key sectors of the Indian economy.
NSDC is a not-for-profit public-private partnership enterprise promoted by the Union ministry of finance and representative organisations of Indian industry (Assocham, FICCI, CII etc) with the mandate to skill 150 million people by 2022 in 21 focus industries. This is part of the government’s overall target to train 500 million citizens by 2022 to meet the global skills shortage.
Under the agreement with NSDC, Everonn Skills Development Ltd (ESDL), a wholly-owned subsidiary, will train 15 million personnel (10 percent of NSDC’s target of 150 million) by 2022. Moreover NSDC will purchase a 27 percent equity stake in ESDL for Rs.14.15 crore and also loan the company Rs.101.34 crore. According to Everonn/ESDL sources, the total investment required for establishing 271 multi-skill development centres across the country is Rs.153.76 crore.
Announcing the launch of ESDL’s International Skills School at a joint press conference with NSDC on April 18, P. Kishore, managing director of Everonn, said: “We are extremely happy to be associated with NSDC to contribute towards the goal of making India globally competitive in every industry sector. ESDL is already focused on imparting industry relevant skills to youth to make them industry-ready by using world class content and methods. We are sure with the launch of the International Skills School, Everonn will scale new peaks in its mission to take education to its next dimension.”
Dilip Chenoy, managing director of NSDC, is equally bullish about the Everonn-NSDC joint venture. “With the involvement of private sector majors like Everonn, I am sure we will achieve our goal to upgrade the skills of Indian youth to global standards,” he said, speaking on the occasion. “With the Everonn advantage, the PPP model will become further scalable and cover hitherto uncovered and remote areas,” he added.