Indian Institute of Job Training partners with NSDC
IIJT to train 1.8 million youth in the next 10 Years
· NSDC to provide a soft loan of INR 62 Cr. to IIJT
· Technology based training in place for sourcing, training, assessment and monitoring
· Leveraging on the strengths of TeamLease for placements
New Delhi, June 30, 2011: Indian Institute of Job Training (IIJT), a subsidiary of TeamLease Services, India’s largest staffing company, has received a soft loan of INR 62 Cr for setting up 1349 multi-skill development centers across the country from the National Skill Development Corporation (NSDC), a public-private partnership company set up under the aegis of Ministry of Finance.
The centers would be built with advanced technology-based programmes in place for sourcing, training, assessment, monitoring, training the trainers, certification and employment across seven key sectors.
The aim of the tie-up is to skill 1.8 million unemployed school dropouts and college graduates in the next ten years across cities. IIJT will set up 209 centers in Tier I, 312 in TIER II, 311 in TIER III, 222 in TIER IV and 295 in TIER V cities. This is part of the Government’s overall target to train 500 million people by 2022 to meet the global skills shortage.
This announcement was made in the presence of Mr. Dilip Chenoy, Managing Director & Chief Executive Officer of NSDC, Mr. Ashok Reddy, Managing Director - Indian Institute of Job Training, and Ms. Neeti Sharma, Vice President – IIJT, at the NSDC’s Delhi office.
“We are pleased to partner with IIJT to achieve our target of training 150 million youth by 2022. This partnership will definitely be a boon to the vocational training sector, given IIJT’s extensive network of 250 centres in close to 100 cities,” commented Mr. Dilip Chenoy, Managing Director and Chief Executive Officer, NSDC.
According to Mr. Ashok Reddy, Managing Director& Co-founder, IIJT “The high school dropout rate still stands at 56 percent, making it mandatory for the vocational training sector to strengthen its outreach and provide the right skills to the youth.”
Ms. Neeti Sharma, Vice President – IIJT, further, added, “The target beneficiaries for the training, re-skilling and up-skilling will be identified from TIER I to TIER V locations, they would be provided vocational skills and employment basis the job seeker’s and industry requirements”
IIJT follows the 4C methodology for providing training into four domains namely – IT, Finance, Retail and Job Skills. The 4C methodology includes an industry relevant curriculum developed with regular inputs from TeamLease National Employment Framework (TNEF) with experience across 1200 clients. The Instructor lead classroom training, Satellite delivered training, web based learning and on the-job-training integrated within 4C methodology. IIJT has trained around 23, 768 trainees in the past 4 years pan India and has a placement track record of 82%. Its strategic partnership with TeamLease adds added strengths to its placement capacities.
About TeamLease
TeamLease Services (TeamLease™) is India's largest staffing solutions company and has been spearheading the Temporary Staffing revolution in India for more than seven years now. In this short span of time, TeamLease has deployed more than half a million candidates, and in doing so, it has emerged as one of India's largest private sector employers. The company currently has over 75,000 employees on its rolls, in over 700 locations across the country, working for more than 1,200 clients. In a recent acquisition, Teamlease has acquired a substantial majority stake in the Indian Institute of Job Training (IIJT).
About IIJT
Indian Institute of Job Training [IIJT] is one of India’s largest and leading vocational training providers with a capacity of over 1 lakh concurrent students in courses. Started in 2006, IIJT is the fastest growing educational brand in the country with over 250 centers across the country. IIJT offers short term and long term courses in the areas of Finance, Information Technology, Retail and Sales & Marketing. The Teamlease and IIJT strategic alliance aims to help bridge the employability gap and support the industry’s demand for skilled manpower.
About 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.
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