19 oct : The Finance Minister, Shri Pranab Mukherjee will launch the National Skill Development Corporation (NSDC) here tomorrow i.e., 20th October 2009. The launch programme of the NSDC will see the release of 12 skill gap reports concerning 12 industry sectors; launch of the NSDC Website and invitations or call for proposals. The Finance Minister will present a few agreements on behalf of NSDC to a few organizations who are starting skill projects. Shri M V Subbiah, Chairman, NSDC, Government Officials, Captains of industry, NGOs, multilateral agencies and members of the Diplomatic Corps are expected to attend the launch.
The NSDC is a unique Public-Private Partnership (PPP) Enterprise which has been mandated to skill 30% of the overall target of 500 million people by the year 2022. Skill gaps are evident in 20 high growth industry sectors and the unorganized sector. The NSDC will foster private sector industries to encourage skill training in 21 sectors.
NSDC has been incorporated as a not-for-profit organization under Section 25 of the Companies Act, 1956 by the Ministry of Finance. It has been formed as 51:49 shareholding of private and government. Besides Ministry of Finance, all prominent industry bodies have contributed to the initial capital of this venture. NSDC is one of its kind a Public Private Partnership.
The XI five year plan document has set the objective of creating a pool of skilled personnel in appropriate numbers with adequate skills, in line with the requirement of the users such as industry, trade and service sectors. Accordingly, it has proposed to launch a ‘Skill Development Mission’. The Mission structure consists of Prime Minister’s National Council on Skill Development for apex level policy directions, a National Skill Development Coordination Board, and a National Skill Development Corporation. As part of the private sector initiative, twenty one high growth sectors of industries and services have been identified, which have the ability to provide expanded employment. The NSDC is required to identify areas where support and supplementation will be required from the government. In respect of each of these, the respective industry association will articulate the sectoral vision for the sectoral Skill Development Initiative.