While announcing major reforms in, " Apprenticeship Training Scheme " ,
Shri Narendra Modi said :
" Let's make India the Skill Capital of the World
"
He went on to add :
" By next decade, India will have 50 million
surplus manpower for export "
But , we all know that :
# NSDC ( National Skills Development Corporation
) has a target to impart
" Skills
" to 300 million youth by 2022 ( approx 50 million / year )
# As of now , only some 27 % of college graduates
are " employable "
# 50 % of our current population (approx 550
million) are under age of 27
In light of the foregoing , the reforms ( in Apprentice
Scheme ) announced are most welcome , especially in respect of the following :
# Inclusion of " SERVICE " sector
# Inclusion of Graduates / Post Graduates from
Arts / Science / Commerce
# Self Assessment by Companies
# Freedom to Companies to introduce own NEW
courses
# Freedom to engage apprentices from ANY state
# Doing away with trade-wise ratios
It could have been still better if :
# Offset against CSR ,( of the expense incurred
by Companies on
Apprentice
Scheme ) was NOT restricted to only those Companies
which
engaged apprentices in excess of mandatory
2.5 % of employee
strength
# For 6
trades , training duration was NOT reduced from 3 to 2 years
# Stipend payable was lower than specified 70%
/ 80 % / 90 % of
Semi-Skilled minimum wages ( of approx Rs 6000 per month )
# Minimum Mandatory limit was raised from 2.5 %
to 5 %
# There was NO upper limit for engaging (
currently 10 % of employees )
But , all of these , will still be " tinkering
" !
Nothing bold enough to turn India into , " Skill
capital of the World "
None of the above-mentioned reforms will enable us to
train / skill , 50 million youth , EVERY YEAR
!
Now consider the following :
# If current diasporas of 21 million Indians
working abroad , remit $ 70
Billion
annually , then how much can 50 million surplus manpower
remit to their relatives in India , by 2026 ?
Can current 21 million plus another 50 million
( a total of 71 million ) ,
remit , $ 250 Billion , by 2026 ? Let there be NO doubt !
# Are Government machineries / incentives ,
enough to train 50 million
youth each year , even under this "
Reformed Scheme " ?
# If one training Institute can train ( say ) ,
1,000 trainees each year ,
we would need some 50,000 Training Institutes
, each with an
investment of Rs 100 Crores ( Land + Building
+ Plant and Machinery ) ,
entailing ,
a total investment of Rs 50 lakh*crore !
# Government has
neither such funds , nor an administrative
machinery to
set up 50,000
training institutes , even in next 5 years !
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
I envisage an alternate scenario under which Europe ,
in order to overcome its shrinking population and resultant " Skill
Shortage ", starts , intensive " Skills Training " of those
millions of unskilled migrants from Middle East and Africa , who are flooding
the shores of Italy and Greece
That will put to rest , Shri Modiji's dream of
exporting surplus skilled manpower !
It is still not too late for some " Out of the Box
/ Bold " decisions !
A shining example of what a PROFIT MOTIVATED / PRIVATE
sector can achieve is Elon Musk ( of TESLA motors ) , who , within a short span
of 2 years , has landed a re-usable rocket on a floating platform in sea 4
times - something which NASA could not achieve in 50 years !
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08 June 2016
www.hemenparekh.in / blogs
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