Aptech, NSDC sign agreement to boost employment
Aptech SBU to skill over 2.33 million youth in 10 yrs
Mumbai/Pune, March 8, 2013: Aptech Ltd and the National Skill Development
Corporation (NSDC) signed an agreement on Friday as part of which the global
education & training company would provide job-related training in a range
of disciplines to meet the growing demand for skilled manpower in several key
areas of the economy.
The agreement between the two
sides was signed in Pune by Mr Ninad Karpe, CEO & Managing Director, Aptech
Ltd, and Mr Dilip Chenoy, CEO & Managing Director, NSDC, on the sidelines
of the final selection of the Indian contingent for the WorldSkills Leipzig
2013 competition.
As part of the Aptech-NSDC
arrangement, Aptech would form a separate SBU within its existing organization
structure to train more than 2.33 million people nationwide over 10 years in a
wide array of sectors that include Banking, Financial Services and Insurance
(BFSI), IT/ITeS, Media & Entertainment, and Organized Retail. NSDC would
provide a soft loan of Rs 7.5 crore to Aptech for this skills training
initiative. The total project cost has been pegged at Rs 10 crore.
Aptech proposes to set up 500
new centers under the proposal and would enter new and rapidly growing segments
such as Retail and BFSI in the first 5 years. There is also a plan to provide
learning through technology-enabled methods in remote areas of the country.
Commenting on the agreement,
Mr. Ninad Karpe, CEO & MD, Aptech Ltd said, “The project will address the
under-served segment of students through the loans for NSDC Courses and it is
envisaged that partnering with NSDC will provide the necessary boost and status
to vocational training which is a priority focus area in the country. Besides
the regular, we shall deliver training through technology enabled remote
classrooms and have plans to recruit master trainers and instructors for the
same. We are hopeful that this initiative will drive skills development in the
country, rendering best use of talent.”
NSDC CEO & MD Dilip Chenoy
said: “The NSDC is pleased to partner Aptech to raise the pool of skilled
personnel in the country. We are confident that Aptech’s entry in the skills
training domain would encourage more marquee names of corporate India to get involved
in the skills space so that the country is in a position to leverage its
favorable demographic profile to promote a faster and more inclusive growth.”
NOTES TO EDITORS
ABOUT NATIONAL SKILL
DEVELOPMENT CORPORATION
The National Skill Development
Corporation India (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 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. Its objective is
to contribute significantly (about 30 per cent) to the overall target of
skilling / upskilling 500 million people in India by 2022.
ABOUT APTECH
Aptech commenced its education
and training business in 1986 and has globally trained over 6.5 million
students. Aptech is an ISO 9001:2008 organization and the first IT Training and
Education company to get this certification for Education Support Services in
1993. Aptech has presence in more than 40 emerging countries through its two
main streams of businesses – Individual training and Enterprise Business. As a
leader in career education, it has over 1300+ centres of learning across the
world.
Under Individual Training,
Aptech offers career and professional training through its Aptech Computer
Education, Arena Animation & Maya Academy of Advanced Cinematics (both in
Animation & Multimedia), Aptech Hardware & Networking Academy, Aptech
Aviation & Hospitality Academy and Aptech English Learning Academy brands.
Enterprise business includes Content Development (Aptech Learning Services),
Training and Assessment Solutions for Corporates & Institutions (Aptech
Training Solutions, Aptech Assessment & Testing Solutions).
For further information on
Aptech Limited, please visit our website at www.aptech-worldwide.com
For more information, contact:
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