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Overview of Skills Market in India Dipankar Chakraborty Trade & Investment Adviser UKTI - India.

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Presentation on theme: "Overview of Skills Market in India Dipankar Chakraborty Trade & Investment Adviser UKTI - India."— Presentation transcript:

1 Overview of Skills Market in India Dipankar Chakraborty Trade & Investment Adviser UKTI - India

2 08/06/2014 Overview of Skills Market in India 2 Indian Economy Overview Skills Market Framework & Overview Opportunities Successes Challenges How can UKTI assist? What will I cover today?

3 Indian Economy Overview India is among the largest economies in the world and is expected to grow faster than its peers in the coming decades India has a population of more than 1.2 billion, and is among the worlds largest consumer markets. Indias GDP (USD 1.9 Trillion) is currently the 10 th largest in the world, and is expected to become the 3 rd largest economy by 2030, according to the IMF. 08/06/20143 Overview of Skills Market in India

4 Indian Economy Overview 08/06/20144 Overview of Skills Market in India

5 Indian Economy Overview In recent years, India has emerged as a preferred destination for global FDI. UNCTADs World Investment Report 2012 ranks India as the third most favoured destination for major global companies. A large market and a gradually improving business environment both play a role. FDI inflows have risen from $ 6 billion in to around $ 33 billion in /06/20145 Overview of Skills Market in India

6 Market Overview The Government has an ambitious target of skilling 500 mn by 2022 Currently the system has the capacity to train only 3 million youth against 12 million entering the labour force annually. Currently, 90% of the jobs in India are skill-based, a sharp contradiction to the current figure of only 6% trained workforce in India. Skills sector is expected to become an over $20bn market opportunity yearly (stated in Kotak Securities report 2011). The Government aims to increase this training capacity to 15 mn/year by setting up new 1,500 ITI/ITCs and 50,000 skills development centres to be promoted in the PPP mode. 08/06/20146 Overview of Skills Market in India

7 Stakeholders 08/06/20147 Office of Adviser to PM on NCSD National Skill Development Coordination Board Government Initiatives 18 Central Ministries State Ministries Mandate to skill 350 million people by 2022 National Skill Development Corporation Target of skilling/upskilling 150 million people by 2022 by fostering private sector initiatives Prime Ministers National Council on Skill Development NSDC is a PPP created by Ministry of Finance 51% stake by Private 49% stake by GOI Initial funding of INR 1000 crore received from the GOI and parked with NSDF for use of NSDC; Current total funding of Rs 2500 crore Overview of Skills Market in India

8 08/06/20148 National Council on Skills Development The Prime Minister chairs this council which sets the policy direction of skills development. The main objective of the Council is to develop a strategy for skills development at the National level. Other members include Ministers for HRD, Labour, Finance, Industries, Rural Development and Micro, Small and Medium Enterprises; Deputy Chairman Planning Commission, Chairperson of National Manufacturing Competitiveness Council, Chairperson of National Skill Development Corporation and 6 experts in the area of skill development. Mr Ramadorai (Tata Consultancy Services) is the Advisor to the PM in this Council. Overview of Skills Market in India

9 NSDC 08/06/20149 Proactively catalyze creation of large, quality vocational training institutions Create Reduce risk by providing patient capital Fund Support systems required for skill development Sector skill councils Quality Assurance Information system Train-the-trainer Set Standards Support systems required for skill development Sector skill councils Quality Assurance Information system Train-the-trainer Set Standards Enable Create the vision and help define the path Demonstrate commitment to the purpose Create a viable ecosystem Overview of Skills Market in India

10 08/06/ Sector Skills Councils National Skill Development Policy 2009 has mandated NSDC to constitute Sector Skills Councils (SSCs) in India. The objective is to establish 28 Sector Skills Councils. SSCs are national partnership organisations that bring together all the stake holders – industry, labour and the academia for the purpose of workforce development for particular industry sectors. SSCs will be autonomous bodies registered either as Section 25 companies or public limited companies. The Government will provide the initial funding. Subsequently SSCs will become self sustaining organisations. NSDC has incorporated SSCs for Automotive, Security and Energy sectors. SSCs for Retail, Media & Entertainment and IT/ITES have been approved by NSDC Board and Healthcare, Foundry, BFSI and Electronics & Hardware are under consideration. Overview of Skills Market in India

11 08/06/ Market Overview Overview of Skills Market in India

12 08/06/ Opportunities Capacity Building – For the government, to reach its target of skilling 500 mn by 2022 it requires a rapid growth in its skills delivery capacity from current 3 million to 50 million per annum. Upgradation of ITIs – Ministry of Labour & Employment is seeking private participation to upgrade 1,396 ITIs. Sectoral Skills Council partnerships Curriculum, assessment & certification English Language Training Overview of Skills Market in India

13 08/06/ Vocational Education framework is in evolving stage Lack of career path for school drop-outs & Blue- collared workers. The current system makes it almost impossible for a dropout to have a career progression into a white collar job, however skilled he may be. Pricing Involvement of various ministries leads to lack of synergy and duplication of effort at times. Challenges Overview of Skills Market in India

14 08/06/ Some UK Successes in India Bournville College – Set up their South Asia hub in Kolkata. Working with private players to upgrade ITIs and recently won a project form the Govt. of West Bengal to train 2000 underprivileged youth. A4e and MoRD – Pilot to deliver sector specific, employment-oriented skills training to 9000 people IndiaSkills – JV between City & Guilds and Manipal group to deliver skills training to 1 million learners I-CAN – JV between Educomp and Pearson to deliver logistic skills training to 2000 people IL&FS, India and Dudley College and Reid Kerr College, UK – Partnership to develop an excellence model for colleges in India focusing on curriculum and soft skill development, staff development through train the trainer programmes Lingua phone and Birla Edutech – Master franchisee for English programmes in India New College Nottingham and Batra Group – JV signed for setting up skills academy in retail, hospitality, fashion and media for 500 students also delivering advanced English and Teacher training qualifications. AoC, UK has established a presence in India to identify opportunities for its member Colleges Indian SSC in discussion with their UK counterparts for sharing best practice (this includes food processing, security and healthcare) Overview of Skills Market in India

15 How can UKTI India Education team assist? Overseas Market Introduction Scheme (OMIS) Service Providing market information on –Market size –Competition –Potential dealers & agents Arranging meeting program with potential customers, dealers, agents Arranging events like launch reception, networking sessions, seminars, participation in trade shows, etc. 08/06/ For further information/queries, please contact: Mr. Dipankar Chakraborty E: T: Overview of Skills Market in India


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