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.

==================================================

 

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 ]

===================================================

2019 ( 3 )

Ø  Thank You, Prakashbhai ( Javadekarji ) ……………………..   [ 03 Apr 2019 ]

 

Ø  Congratulations , Anilbhai Naik …………………………………….. [ 08 Feb 2019 ]

 

 

Ø  Organizing the Unorganized …………………………………………...[ 04 Feb 2019 ]

 

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  Jan  2017  ]

Ø  Discovering the Obvious ? ………………………………[  30  Nov  2017  ]

Ø  No mere Relief : A Game Changer   …………………[  20  Dec  2017  ]

 

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 ]

 

============================================================