CHENNAI: With $22 billion worth of business opportunities, the existing workforce capacity needs to be increased 11 fold and India needs to create around 500 million workers by 2022, said Dilip Chenoy, managing director and chief executive officer (CEO), National Skill Development Corporation.
At the eighth National Skill Conference organised by the Functional Vocational Training and Research Society on Thursday, he said that to address the above needs and improve quality of the skilled workforce, a new and focused national skilling ecosystem to coordinate and harmonise the approach should emerge.
Private sector initiatives by corporates, NGOs and associations will help achieve this, he said.
Chenoy spoke about the need for creating funds, scalability and sustainability in the ecosystem for which NSDC, in partnership with 159 training partners and 31 sector skill councils, proposes to train 800 lakh youth in 10 years. Mapping youth aspirations and requirements, he said that even with new avenues for jobs in leather and construction industry the youth continue to aspire more towards IT and ITES related jobs. “We need to sensitise them on jobs,” he said.