Thursday, May 9 2024 | Time 23:30 Hrs(IST)
image
Business Economy


Dual education the way forward to quality manpower : Pradhan

New Delhi, July 30 (UNI) In view of creating better skilled manpower in the country to achieve a higher growth trajectory India needs more productive and quality manpower, Skill Development & Entrepreneurship Minister Dharmendra Pradhan said here on Monday.
He said that dual education that incorporates proper vocational training along with studies will certainly help develop better skills and make the youth employment ready.
''Germany through it’s Dual Education System has created a new narrative of governance & has transformed itself as a hub of manufacturing & entrepreneurship'', said Mr Pradhan while inaugurating the ''Skill Connect Road Shows'', here in the capital which is aimed to enhance awareness and participation of industry in the Skill development agenda with a special focus on apprenticeship, to make better skilled individuals inspired by the German dual model of education where skill and education go hand in hand making youth more employable
''In the next 25 years India is going to be the number one economy in the world. This cannot be possible without skilled and quality manpower. The challenge therefore is to sufficiently equip this 1.2 Cr youth with market relevant skills to ensure their employability,'' he said.
The Skill Connect roadshow will be going through 22 locations in the country that will incorporate regional & sectoral clusters, further sharing best practices and supporting industry associations in taking up apprenticeship program.
He said that apprenticeship was a very crucial part in a place like ours as it aims towards preparing the individual right after training days , which also bridges the gap between training and employment but also gives the individual industry experience before starting of with a career.
Mr Pradhan urged the industry and the stakeholders to come forward and contribute to these reforms to further add on to the economy's growth, adding that Apprenticeship is one the most sustainable model for addressing the issue of unemployment and employability.
National Skill Development Corporation (NSDC) in collaboration with Confederation of Indian Industry (CII) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have designed and launched the road show ‘Skill Connect’, aimed at the Micro Small and Medium Enteprises (MSME's).
The Road Show will be rolled through a series of workshops and seminars in more than 20 locations across India, and would include the local/regional industry associations, companies, the state and the central government, and training partners.
CII Director General Chandrajit Banerjee who was present at the occasion, said “Right from pushing for Amendment in the Apprenticeship Act to encouraging Industry to engage apprentices, CII has been working towards supporting both ends of the spectrum. At CII we understand that there is a great need for hand-holding of industry particularly MSMEs to participate in the Apprenticeship Program and towards this we are giving a 360 degree hand holding support to the ministry.”
GIZ Programme Director India (Private Sector Development) Noor Naqschbandi underlined the importance of the road show, hoping to attract more participants from the industry in addressing the cooperative Vocational Education and Training.
The Indo-German programme on Vocational Education and Training (IGVET) focuses on developing cooperative VET models based on the experiences gained in industrial clusters.
Through this road show, IGVET intends to strengthen the cooperative VET as important part of the ecosystem, Mr Naqschbandi added.
UNI APS ADG 2152
More News

09 May 2024 | 7:52 PM

New Delhi, May 9 (UNI) State owned and India’s second largest oil marketing company BPCL today reported over 30 percent decline in net profit at Rs 4,789.57 Crore during Q4 (January-March) period of 2023-24 as compared to the net profit of Rs. 6,870.47 Crore in the corresponding quarter of FY 2022-23 and announced bonus shares in ratio of 1:1.

see more..
Stock market crashes more than 1060 pts; Over 7 lakh crore Investors wealth gone

Stock market crashes more than 1060 pts; Over 7 lakh crore Investors wealth gone

09 May 2024 | 6:54 PM

New Delhi/Mumbai, May 9 (UNI) India’s stock market on Thursday witnessed a bloodbath as the BSE sensex crashed over 1062 points to close at 72404 down 1.45 per cent from previous close with investors eroding over Rs 7 lakh crore wealth during the day.

see more..

09 May 2024 | 6:53 PM

New Delhi, May 9 (UNI) Airtel Africa, a subsidiary of Bharti Airtel, on Thursday reported a loss of USD 89 million for its operations in Africa, even as the total customer base grew by 9.0 percent to 152.7 million.

see more..

AI Squared acquires Multiwoven to accelerate delivery of data

09 May 2024 | 6:49 PM

New Delhi, May 9 (UNI) AI Squared, a leading technology provider for integrating information
into web-based business applications, announces its acquisition of the world’s number one
open-source Reverse ETL (rETL) company, Multiwoven. With this acquisition, AI Squared furthers its commitment to helping organizations simplify the movement of data and AI insights into business applications.

see more..

Kottayam-Kochi Rubber Market Rates

09 May 2024 | 6:31 PM

Kottayam, May 9 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
KOTTAYAM
RSS FOUR: 18050
RSS FIVE : 17800
ISNR TWENTY: 15300
SIXTY PERCENT LATEX: 13210
KOCHI
RSS FOUR : 18050
RSS FIVE : 17800
INTERNATIONAL RATES (BANGKOK)
RSS One : 18710
RSS Two : 18575
RSS Three: 18451
RSS Four : 18383
RSS Five : 18281
KUALALUMPUR
SMR TWENTY :13709($164.15)
SIXTY PERCENT LATEX : 12985($155.50)
UNI PA GNK.

see more..
image