Skill development centres to be set up on PPP model

Skill development centres to be set up on PPP model

News:

1. The government has approved a scheme for setting up of Indian Institute of Skills (IIS) at different locations across the country in public private partnership (PPP).

Important Facts:

2.  The public-private partnership model will be adopted to set up the Indian Institutes of Skills at select locations, based on demand and available infrastructure.

3. About Indian Institute of Skills (IIS)

• The IIS is being opened by the Union Skill Development Ministry in partnership with the Institute of Technical Education, Singapore.
• Its primary objective is to empower India’s youth to be more employable and self-sustainable.

4. Significance of PPP mode:

• IISs would augment the global competitiveness of key sectors of Indian economy by providing high quality skill training, applied research education and a direct and meaningful connection with industry.
• It will provide opportunity to aspiring youth across the country to have access to highly skilled training.
• Enhance the scope of accountability through its linkage with industry and global competitiveness across sectors.
• By leveraging advantages of private sector enterprise and public capital in terms of government land, it would create new institutes of expertise, knowledge and competitiveness.