Question : There has been a clear effort by the government through numerous reforms, policy changes and improved financial outlays which could potentially transform the country into a knowledge haven. But, still there is a shortage of skilled manpower. In this context, discuss how private sector can supplement the government’s effort to transform our skilling landscape.
- In order to achieve benefits of its demographic dividend, we need to provide skills to 500 million people by 2022. With several ambitious skill development initiatives, the private sector can play several roles in the skilling ecosystem of India.
- As a consumer, it would benefit significantly by training the available manpower with appropriate skills. The sector should open its doors to trainees through on-the-job training and apprenticeship opportunities.
- As a non-profit facilitator, corporates can give back to the society through funding and investments. With 2 per cent CSR mandate, companies should use this fund to invest constructively in skills development programs.
- As a for-profit enterprise, they can provide education and training at a price by opening of schools, training institutes and universities.
- It can identify skill gaps in current job roles and set quality standards for training courses in developing and validating existing as well as new job roles through National Occupation Standards.
- Private sector is best informed to forecast manpower demands. This would also enable trainers to plan their programs accordingly and ensure that a skilled manpower pool is available to reduce mismatch between skills and jobs.
- Our demographics can make us very powerful in providing the work force to the world but this will only happen when we build an excellent partnership between the private sector and the government.