Skilling for World ? Here is why – how !
Context :
Govt to launch Skills India Mission 2.0 to tap global opportunities / ET / 24 May 2022
Extract :
The government will impart skills training to the youth for overseas opportunities and for jobs in some sectors under its production-linked incentive scheme, according to a senior official, in what could be a move towards demand-driven and outcome-based approach to skilling.
This will be part of the government's revamped skills programme, called Skills India Mission 2.0, which, according to the official, is expected to be unveiled in July, six years after the launch of the programme in 2015
There will also be a ,
Ø thrust on apprenticeship training though enhanced private sector participation,
the official said, adding that it will be in line with Prime Minister Narendra Modi's vision of making India the skills capital of the world.
"Wide ranging discussions are being held within the government to make the Skill India Mission more holistic and align it with the needs of Industry 4.0," the official said.
As per the India Skills Report 2021, employability of youth has decreased to 45.9% in 2021 from 46.21% in 2020 and 47.38% in 2019, primarily due to loss of skilling in the last two years.
"The government wants to put skilling on fast track to cover up the losses in last two years and do it with an outcome-based approach," the official said.
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My Take :
Ø Skill Capital of the World ? ………………………………..[ 06 June 2016 ]
Extract :
There is only one way
This can be made to happen , as follows :
* Turn this entire exercise into a PROFIT MAKING proposition in the
hands of PRIVATE SECTOR ( Individuals + Corporate + Start Ups )
* Enable BLACK MONEY to be invested in private sector SPVs called,
" XYZ Manpower Skilling SPV ", with no questions asked as to the source of funds invested ( domestic
or Foreign )
* Grant INDUSTRY status to such SPVs
* In order to attract PRIVATE Individuals / Corporate, to come forward
and set up these 50,000 SPVs ( before March 2018 ), provide a 10 year
TAX HOLIDAY , to " Manpower Skilling Industry "
Much in the same way NITI Aayog has recommended for companies
investing in Electronics manufacturing activities . And as against
expected creation of 20,000 jobs due to this proposed policy in
Electronic Industry , my suggestion would create 50 LAKH jobs @ 100
jobs / SPV !
Also worth noting that :
NITI Aayog is recommending this tax-holiday policy for only NEW units
being set up , without any estimate as to the amount exchange likely
to be earned through exports from these NEW units
On the other hand , my suggestion has a definitive potential to bring in
remittances worth $ 250 Billion by 2026 !
# Just like various IIMs ( and other reputed Management Training
Colleges ) , permit these SPVs to charge to the Companies conducting
Campus Interviews ,
* Fixed Participation Fees
* Variable Student Support Fees ( per student hired )
# SPVs will be allowed to devise their own courses / curriculum and
conduct their own exams / award their own certificates / diplomas
# SPVs will be free to charge their own fees and compete for placement
of their graduating students , in an atmosphere of open and free
competition ( much as it works today for most educational institutes )
# Government may continue to provide STIPEND SUBSIDY as proposed
in the Reforms , but only to Indian MSMEs
My proposal has the potential to bring back those Rs 35 lakh*crore that Indians have siphoned abroad , between 2003-13
As far as I can see , there is no other way , India can either become the Skill Capital of the World or be in a position to export 50 million surplus Skilled persons
With regards,
Hemen Parekh / hcp@RecruitGuru.com / 31 May 2022
Related Readings ( 17 ) :
2022 ( 1 )
Ø Apprenticeship : Half Way house ? ………………………………..[ 29 March 2022 ]
2021( 2 )
Ø ApprenticeShip : Unanchored and ready to sail ? ………….[ 08 Feb 2021 ]
Ø National Skills University : Virtual is the only way…………..[03 Apr 2021 ]
2020 ( 2 )
Ø Human Resource Capital of the World ? …………………….....[ 23 Nov 2020 ]
Ø Congratulations, Shri Ajit Pawar / Shri Nawab Malik …….[ 06 Mar 2020 ]
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2019 ( 3 )
Ø Thank You, Prakashbhai ( Javadekarji ) …………………….. [ 03 Apr 2019 ]
Ø Congratulations , Anilbhai Naik …………………………………….. [ 08 Feb 2019 ]
Ø Organizing the Unorganized …………………………………………..
2018 ( 2 )
Ø Starting a Virtuous Circle …………………………………[ 17 Dec 2018 ]
Ø Of Interns and Apprentices ………………………………[ 07 Jan 2018 ]
2017 ( 3 )
Ø Universal Basic Income ………………………………….[ 20
Ø Discovering the Obvious ? ………………………………[ 30 Nov 2017
Ø No mere Relief : A Game Changer …………………[ 20 Dec
2016 ( 2 )
Ø Skill Capital of the World ? ……………………………[ 06 June 2016 ]
Ø Harness " Greed " to " Skill India "……………….[ 19 June 2016 ]
2015 ( 1 )
Ø Make in India is Skilling India…………………………..[ 17 July 2015 ]
2013 ( 1 )
Ø Rejoice You Jobless ! …………………………………………[ 03 Sept 2013 ]
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