There is huge demand for vocational institutes, as the youth wants to develop their skills to increase their employability chances
Vocational education and training is an important element of the nation’s education initiative. India has one of the largest technical manpower in the world. However, when compared to its population, it does not showcase a significant number.
In India, the emphasis has always been on general education, with students cramming up notes to get good grades, while vocational education has been at the receiving end and considered secondary. This has led to an increase in the percentage of educated unemployment.
Skills and knowledge are the engines of economic growth and social development of any country if they go hand-in-hand. However, a lot of the educated youth in the country are largely unemployable due to lack of skills. The Government of India is investing heavily on skill development through various programmes and tie-ups across the county. There is also a huge demand coming from metro cities and small cities alike for vocational institutes, as the youth wants to develop their skills to increase their employability chances since there is about 41 per cent of people in India under the age of 18. Vocational training will bridge the gap between skilled and unskilled labour and will help people with better employment opportunities. Thus, starting a vocational education franchise will offer you great profitability. Below are some lucrative business opportunities in the vocational education sector.
Knowledge knows no boundaries. In a country growing rapidly in terms of technology and employment, you might get placed anywhere in the world. It is always beneficial to learn 2 or 3 languages to sustain in different geographical locations with people of various cultures and languages. As an entrepreneur, you should consider opening a language school franchise as it one of profitable business in the education industry. You need to ensure that your language school is well located so that you can easily attract people who are interested in learning foreign languages. For example, language schools like Language International, The British Institute, and others offer you franchises with an initial investment of around 5-10 lakhs.
Beauty &Wellness Training
The beauty and wellness industry in India is growing at a tremendous pace owing to rising disposable incomes, changing lifestyles and changing consumer preferences. The beauty and wellness industry holds great job opportunities and is in great demand currently. With more and more women getting out of their homes to amplify their careers, many are considering taking beauty & wellness training.
Beauty and wellness training franchises are perfectly poised to bridge the skilled manpower gap in the fashion and glamour industry, along with providing you with great profits. Brands like Blossom Kochhar, Lakme Academy, Shahnaz Husain, and VLCC offer franchising opportunities of their beauty training academies. The required investment for starting a beauty & wellness training academy is around 20-30 lakhs.
Aviation & Hospitality Training
Earlier, aviation &hospitality training was not a traditional choice for a course, but with changing scenarios these have emerged are the most sought after courses in India. The aviation industry in India is riding on a growth wave, exceeding the annual growth rate of over 25%. In fact, India is seen as the third largest aviation market by 2025. Students are constantly trying for a job in the aviation sector, given perks and opportunity.
Thus, opting for an aviation training franchise will offer you flying profits. Institutes like Frankfinn academy offers you franchising opportunity for an investment of 1-2cr. Other institutes like Indira Gandhi Institute of Aeronautics offers franchise for an investment of 10-20 lakh. Hence, your required investment depends upon the institute and brand name. The anticipated return of investment would be 50-80%.