|Chennai||Rs. 27580.00 (0.18%)|
|Mumbai||Rs. 28700.00 (0%)|
|Delhi||Rs. 27700.00 (0.73%)|
|Kolkata||Rs. 28270.00 (0%)|
|Kerala||Rs. 27050.00 (0.74%)|
|Bangalore||Rs. 27350.00 (1.11%)|
|Hyderabad||Rs. 27660.00 (1.21%)|
New Delhi, Feb 19 (IANS) The Tata Group and the UK India Business Council (UKIBC) signed a memorandum of understanding (MoU) Tuesday for collaborating in bringing together relevant organisations that will facilitate systemic interventions for skill development and delivery in India.
This will initially include projects in Odisha and Mumbai for replicable skills training across India.
The MoU was signed in the presence of British Minister for Universities and Science David Willetts
Commenting on the MoU,Tata Sons chairman Cyrus P. Mistry said: "The Tata Group of companies is keen to support the creation of skill development centres that can sit at the heart of sustainable communities in India."
"This initiative is designed to support the skill needs of large employers, as well as their supply chain of small and medium enterprises. They will seek to provide best-in-class skills, enterprise, employability training and work placement in the country," Mistry added.
S. Ramadorai, advisor to the prime minister in the National Council on Skill Development and vice chairman of Tata Consultancy Services, said: "We are delighted to have initiated this fruitful collaboration with the UKIBC. This is also in keeping with Prime Minister Manmohan Singh's vision to have 500 million skilled individuals by the year 2022, supporting inclusive growth, investment, creation of jobs and a better demand supply connect."
UKIBC chair Patricia Hewitt said: "We actively support the vision behind this MoU and believe that the most progressive UK skills providers, awarding bodies and further education colleges deliver a similar vision for economically and socially disadvantaged communities. The UKIBC fully supports the delivery of this vision, in partnership with the Tata Group."
The initiative will also test and evaluate a range of innovative approaches to the development of skills and employability, particularly pioneering e-learning approaches, providing a robust evidence base for future roll-outs at a significant scale, a Tata Sons statement said.
"It is also likely to create a growing supply of better trained and more employable people that attract private sector investment and fuel the creation of new businesses, thus further increasing the demand for better trained and more employable people in a virtuous cycle," the statement added.
Tata Steel, TCS and several other Tata Group entities, in addition to specific Tata Trusts, will be involved in the execution of this initiative. If mutually agreed, the partnership will also develop other greenfield or brownfield projects in other parts of the country beyond Odisha and Mumbai to improve vocational training with regard to coverage, content or delivery leading to enhanced employability for people at the bottom of the pyramid, the statement said.