Friday, March 8, 2013

Aptech, NSDC sign agreement to boost employment Aptech SBU to skill over 2.33 million youth in 10 yrs




                                                                                                                                   

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:
National Skill Development Corporation  
Sumali Moitra
Principal – PR & Advocacy
+91-11-47451600-10
+91-8860084554
 
Aptech Ltd
Shrutidhar Paliwal      
VP & Head, Corp Comm & Media Relations
+91-22-28272446
+91-9820120477   
 Shrutidharp@aptech.ac.in                                                                                              
 
 







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