Rahul Bajaj CoE to impact 10 million young Indians over 5 years
Harnessing green energy and other natural resources will create large number of jobs for Indian youth, and skilling has a huge role to play as an enabler in the development of a nation, says N K Singh, Chairman, 15th Finance Commission of India.
Though the New Education Policy has brought in intermobility between skills and education that will usher tangible results, there is also a need to bridge academic excellence and employability, he said at a session on CII Annual Business Session 2024 held at New Delhi on 17 May https://www.cii.in/ .
“Skilling has a huge role to play as an enabler in the development of a nation, which leads to an increase in the productivity and competitiveness” underscored Atul Kumar Tiwari, Secretary, Ministry of Skill Development and Entrepreneurship http://skilldevelopment.gov.in .
Addressing CII event on ‘Session on Future of Livelihood Creation: Employability; Entrepreneurship; Education; Employment’, he further stressed that skilling is now a key focus area in many Government schemes, with the credit-based skilling under National Education Policy bringing both education and skilling on a common platform.
The speakers shared their views at the launch of ‘CII – Rahul Bajaj Centre of Excellence (CoE) on Skills’ at the Summit to impact 10 million youths over 5 years http://ibef.org .
Tiwari called for many more such centres to help to skill India’s youth in future and emerging jobs.
Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv http://bajajfinserv.in , said that India’s skilling ecosystem holds immense potential to empower its youth and bridge the existing skill gap.
“There is a need to mold a workforce that not only possesses technical competencies but also excels in critical thinking and soft skills, ensuring resilience and adaptability in the face of evolving job markets.
Bajaj added that fostering an entrepreneurial environment helps to spur job creation, transforming job seekers into job creators, and unleashing a tremendous multiplier effect in terms of creating employment opportunities http://niti.gov.in .
India has an advantage to leverage its huge reservoir of talent with the Government playing a critical enabling role, noted Marko Saravanja, Chairperson, Regenesys Business School, South Africa, at the summit.
Key shifts are taking place in jobs discourse with only 10% of the workers possessing the imagination and curiosity to keep pace with the dynamic work advancements, according to Nicole Scoble-Williams, Global Future of Work Leader, Deloitte Tohmatsu Consulting, Japan http://deloitte.com .
Skilling could play a pivotal role in creating thriving livelihood opportunities, added Puneet Chhatwal Managing Director & Chief Executive Officer, The Indian Hotels Company Limited (IHCL) http://ihcltata.com .
He highlighted tourism http://tourism.gov.in , hospitality and airlines being pillars of development that will significantly contribute to India’s GDP with a huge multiplier effect.
The Bajaj CoE will leverage global strategic partnerships and knowledge exchange initiatives to cultivate a conducive ecosystem wherein youth can thrive and realize their full potential.
With technology rapidly transforming Industry, the CoE will have a Phygital mode and operate under a Hub and Spoke model, particularly in Rural India, where the need for skills is critical.
CII President R Dinesh, underscored that the launch of the Centre is a significant milestone in CII’s collective journey towards empowering the youth of our nation, driving socio-economic growth through skill development, creating livelihoods and ensuring a tremendous social impact.
India’s vast pool of talent, with its creativity, resilience, and diverse skillsets is a powerful engine for progress and the CII Rahul Bajaj Centre of Excellence on Skills is a testament to CII’s commitment to unleashing the true potential of India’s young minds, he added.
Highlighting that the symbiotic relationship between skills and livelihoods, Dinesh said that Livelihood has been a key focus area throughout his tenure and that the Skills CoE will not only empower our youth but also act as a bridge connecting talent with opportunity, a catalyst for igniting the potential of our youth.
This is the 12th CoE for CII to work towards driving workforce productivity and industry competitiveness by building a Future Ready talent pool which will impact 10 million youths in the next 5 years.
The CoE on Skills will include High-tech AI driven 8 sectoral skill labs in high growth sectors like Manufacturing https://www.makeinindia.com/home/ , Healthcare, Financial Services, Hospitality, IT/ITES & UI/UX, Logistics, Automotive (4-wheeler) and Drone Technology, he added.
The CoE will enable scaling up on ground initiatives of CII by setting up 100 CII Model Career Centres, 36 Multi-Skill Training Institutes and more than 1000 Industry Sectoral Training Centres, said CII Director General Chandrajit Banerjee. Fiinews.com
