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2010-10-07

IL&FS and NSDC plans to enter into a JV

With an aim to develop skilled and trained workers for the various sections like leather, textile and general engineering, the small and medium enterprise arm of Infrastructure Leasing & Financial Ser

With an aim to develop skilled and trained workers for the various sections like leather, textile and general engineering, the small and medium enterprise arm of Infrastructure Leasing & Financial Services (IL&FS) is in talks with the National Skill Development Corporation (NSDC) to set up a joint venture under which 100 skill development centers will be developed over the next seven years spread across the country.

The JV aims to train 1.94 workers which are expected to give a boost to NSDC’s mandate to create 150 million employable youth by 2022.

Earlier, NSDC announced its plans to form a JV with Bharti Group’s Centum Learning, under the agreement, 383 training centers were to be established through out the country and aims to train 11.5 million people.

Established by the finance ministry, NSDC is a not-for-profit organisation to lift private sector participation in manpower training for the 21 sectors identified by the government. The government holds 49 per cent stake in NSDC, the rest stake of 51 per cent is with private sector and trade and industry bodies – Assocham, CII and FIICI and Nasscom joined NSDC as a shareholder.

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