Vocational Education Current Affairs - 2020
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Union Government has appointed Anil Manibhai Naik as Chairman of National Skill Development Corporation (NSDC). He is currently Group Chairman of engineering conglomerate Larsen and Toubro (L&T). He was awarded Padma Bhushan, India’s 3rd highest civilian award in 2009 for his outstanding contribution to economic growth of the country.
National Skill Development Corporation (NSDC)
NSDC is Public Private Partnership (PPP) under Ministry of Skill Development & Entrepreneurship (MSDE). It was founded in 2009 as not-for-profit company by Ministry of Finance to address need for providing skilled manpower across various industry sectors. Government of India (GoI) through MSDE holds 49% of share capital of NSDC, while private sector has balance 51% of the share capital. NSDC aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions. Its objective is to create training capacity in the country; fund vocational training initiatives and create market ecosystem for skill development. Its mandate is to train 150 million people by 2022. It is also involved in re-skilling and also in catering to skilled manpower requirement of overseas markets, most notably that of Japan (under TITP) and UAE.
Tags: AM Naik • Anil Manibhai Naik • Government • Human behavior • India
India and Germany have singed Memorandum of Agreement (MoA) on skill development, which will provide dual vocational education and training to Indian youth. It was signed between Ministry of Skill Development and Entrepreneurship (MSDE) and Indo-German Chamber of Commerce (IGCC).
This MoA focuses on the field of dual vocational education and training and skill development of Indian youth. Under it, students who complete specific training courses in India will get certificate that is recognised in India and also in Germany. It will these students to apply for jobs in companies in India and also in Germany. Joint body called German Indian Institute of Vocational Education and Training (GIIVET) that has been set up will look after this programme.
The idea of MoA was first mooted during interaction between Prime Minister Narendra Modi and Chancellor Angela Merkel in 2015.It was later spelled out by Joint Working Group. Since then, IGCC and MSDE have hammered out details to prepare this MoA.
Tags: IGCC • India-Germany • Ministry of Skill Development and Entrepreneurship • National • Skill development