Government to set up National Skill Development CorpJuly 20th, 2008 - 10:07 pm ICT by IANS
Chennai, June 20 (IANS) The central government will set up a National Skill Development Corp (NSDC), a non-profit company, to promote technical training in the country in public-private partnership model, said Finance Minister P. Chidambaram here Sunday. Addressing a function organised by Apollo Hospitals, Chidambaram said the NSDC would set up world-class technical institutes across India. The private partners will hold 51 percent stake in the new entity.
He added that the government would contribute Rs.10 million as start-up capital.
It is expected that the company would require around Rs.150 billion investment, which will be raised from private sector players.
The NSDC will set up polytechnics, Industrial Training Institutes (ITI), and other technical institutes to cater to the need of the industrial sector, Chidambaram said.
Participating industries will also be offered equity stake.
- Declare 2012 as year of 'Proud to be Skilled Indian' (Comment) - Dec 25, 2011
- Skill development for 500 million Indians: A mantra for action (Comment) - Feb 13, 2011
- Government okays Rs.1,000 crore job plan for Kashmir - Jul 07, 2011
- New job plan for Kashmir to train 40,000 youth (Lead) - Jul 07, 2011
- Kerala to launch virtual classrooms in 34 ITIs - May 14, 2012
- Coming up, 100 more skill development centres - May 25, 2012
- Haryana to increase industrial training seats by nearly 100,000 - Aug 04, 2010
- Future Sharp Skills to train 5 lakh youth of Bengal by 2022 - Jul 20, 2012
- Bengal addressing technical manpower shortage, says minister - Jun 10, 2012
- Pranab Mukherjee to launch National Skill Development Corporation today - Oct 20, 2009
- Pranab Mukherjee to launch National Skill Development Corporation - Oct 19, 2009
- A joint venture to train over two million in diverse skills - Dec 21, 2010
- Haryana to set up 13 Industrial Training Institutes - Sep 18, 2010
- Seats in technical education to be increased (Lead) - Dec 30, 2010
- '14 million job seekers to move out of northeast by 2021' - Jan 23, 2012
Tags: 10 million, apollo hospitals, central government, chennai, equity stake, finance minister, India, industrial sector, iti, nsdc, p chidambaram, partnership model, percent stake, private partners, private sector, profit company, public private partnership, skill development, start up capital, training institutes