Outlay of Rs. 377 Crores over the first four years for ‘NIIT Yuva
Jyoti Centres’ across 1000 cities
New Delhi, September 30, 2011: NIIT, a leading Global Talent Development Corporation and
National Skill Development Corporation (NSDC) today
entered into a significant public-private partnership to enhance skills and
employability for youth across India. Through this partnership it is estimated
that around 70 lakh youth will be trained by 2022, in multi-skilling mode. The
emphasis will be to offer job oriented training in semi-urban and rural areas,
to applicants mainly from low and middle income households, aspiring to build
successful careers through quality training taken alongwith formal education.
These skilled youth will initially fulfill the requirements of nine emerging
verticals predominantly in the service sector.
The Agreement for this
partnership was signed by Mr. Vijay Thadani, CEO, NIIT Limited and Mr. Dilip
Chenoy, MD & CEO, NSDC, today.
Under the Agreement, NSDC will participate in NIIT Yuva Jyoti Limited
(NYJL), a subsidiary company of NIIT, via a mix of loans and equity. The total
project outlay required for this ambitious project is Rs. 377 Crores over the
first four years, making this one of the largest commitments of its kind to be
undertaken till date.
As per a study conducted by IMaCS (the management consulting arm of
rating agency ICRA) on behalf of NSDC, India is likely to have an incremental
requirement of 24.4 crore skilled people by 2022 in 21 high growth sectors.
However, although India is
witnessing very good economic growth, the challenge of addressing the
ever-increasing ‘available’ but ‘unemployable’ urban and rural workforce
continues to be daunting.
NSDC is a not-for-profit
company set up by the Ministry of Finance as the first PPP initiative with the
mandate to skill up 15 crore people by 2022 in 21 focus sectors. This is part of
the overall target of Government of India to train 50 crore people by 2022 to
meet the global skills shortage.
NYJL aims to setup over 1500 state-of-the-art NIIT Yuva Jyoti
Centres, across 1000 cities. The aim is to provide industry
and job specific training to around 70 lakh young Indians by 2022, thus helping
create a pool of job-ready work-force for the service industry. Further, a
‘Skills Inventory’ of around 2.6 crore youth will be created by 2022 through
Speaking on this significant partnership Mr. Vijay Thadani,
CEO, NIIT Limited said, “This partnership will give us an opportunity to
reach out to a vast audience whose need for skill development has largely
remained unaddressed, thus furthering our objective to develop talent and create
employable workforce across the globe. We look forward to working with NSDC as
their partner in this vital initiative.”
Mr. Dilip Chenoy, MD & CEO, NSDC
remarked, “We are delighted to partner with NIIT,
the leading player in the talent development space, to offer employable skills
to around 70 lakh youth across India. NIIT’s experience in offering
industry-linked training in multiple verticals in the Service sector further
strengthens the execution of our vision to skill India’s youth from semi-urban
and rural areas for the global needs.”
In the initial
phase, the training will be imparted across 9 service sectors – Retail, IT/ITeS,
BFSI, Education & Training Services, Media & Entertainment, Healthcare,
Telecom, Hospitality and the Informal sector. The training programs will
leverage technology for achieving scale with consistency of outcome and high
quality. Built on a strong foundation of the NIIT pedagogy, state-of-the-art
industry endorsed curriculum will be used to transfer skills to students.
Further, internship will be facilitated for students to apply the skills learnt
to real life situations and thus develop a deeper understanding of industry
will be localized to suit the local community flavour and will be customized for
the requirements of the industry sector being addressed. Students will have
multiple entry and exit points for each course. Once the basic
skills in a particular sector have been mastered by the students, they will be
able to pave a path for a career by pursuing advanced courses and
assess the existing skill sets and aspirations of the participants and
accordingly help them choose the right program. Besides partnering in the joint
venture, NSDC will also play a significant advisory role and provide support in
facilitating tie-ups with Sector Skill Councils, Microfinance Institutions &
banks, in creating market awareness and in obtaining industry endorsements for
the programs offered.
NIIT Limited, leading Global Talent Development Corporation and
Asia’s largest IT trainer, offers learning and knowledge solutions across 40
Leading IT magazine Dataquest has conferred upon NIIT, the ‘Top IT
Training Company’ award successively for the past 19 years, since the inception
of this category. Rated among India’s Business Superbrands 2008, NIIT’s
Individual Learning Business offerings include industry-endorsed programs for
students seeking careers in IT - GNIIT, Edgeineers and Global Net Plus for IT
NIIT has provided computer-based learning to over 15,000 government
and private schools. The futuristic NIIT NGuru range for schools is a holistic
education package that comprises Interactive Classrooms (an embedded Teaching
Learning Material, that uses elements of interactivity, automation and web links
library); Math lab (technology tools that enable school students to learn and
explore mathematical concepts); IT Wizard (equips the students with core
computer knowledge and IT skills); and Quick School (an Education Resource
Planning solution for school management).
For working professionals, NIIT Imperia,
Centre for Advanced Learning, offers Executive Management Education Programs in
association with IIM Ahmadabad, IIM Kolkata, IIM Lucknow, IMT Ghaziabad and IIFT
Delhi. NIIT Imperia also offers specialized courses in Finance in association
with KPMG and on Digital Marketing with Google India and Internet and Mobile
Association of India (IAMAI).
NIIT Institute of Finance Banking & Insurance (IFBI), formed by
NIIT with equity participation from ICICI Bank, offers programs for individuals
and corporates in Banking, Financial Services and Insurance.
NIIT Uniqua, Centre for Process Excellence, addresses the increasing
demand for skilled workers in the business and technology services industry by
providing training programs in relevant areas. This is a part of NIIT Institute
of Process Excellence Limited, a NIIT-Genpact venture.
NIIT’s Corporate Learning Solutions, offers integrated learning
solutions (including strategic consulting, learning design, content development,
delivery, technology, assessment and learning management) to Fortune 500
companies, Universities, Technology companies, Training corporations and
NIIT delivers a tailored combination of catalog learning products,
technology and services through Element K offerings. These include: vLab®:
hands-on labs, instructor-led courseware, comprehensive e-reference libraries,
technical journals, and KnowledgeHub™: hosted learning management platform.
NIIT has been voted the second most trusted education brand in India
by Brand Equity- Nielsen Survey 2011.
NIIT’s innovative HR practices have been felicitated by Aon Hewitt
as amongst ‘Top 25 Best Employers in India- 2011’; Indian Education
Awards 2011 as ‘Best Education Company to Work with’; by Great
Places to Work Institute as amongst ‘Top 25 India’s Best Companies to Work
for’ and First in Training & Education Industry, 2011.
National Skill Development Corporation
The National Skill Development Corporation (NSDC) is a one of its
kind, Public Private Partnership in India. It aims to promote skill development
by catalyzing creation of large, quality, for-profit vocational institutions. It
provides viability gap funding to build scalable, for-profit vocational training
initiatives. Its mandate is also to enable support systems such as quality
assurance, information systems and train the trainer academies either directly
or through partnerships. Till date, the NSDC Board has approved funding for 29
proposals, including three Sector Skill Councils. The combined mandate of the
projects approved till now is to skill more than 4 crore people in different
vocations over a 10-year period.
queries, please contact:
Associate Vice President,
Corporate Communications, NIIT Limited
Ph: (Cell) +91 9910201085, (Dir) +91 124 4293041
Reema Bardhan, NIIT Limited, Ph: +91 9891267470
Visit us at: www.niit.com
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