8,000 construction workers to be trained pan India – PNB Housing Finance signs MOU with CREDAI

Latest Construction News

8,000 construction workers to be trained pan India – PNB Housing Finance signs MOU with CREDAI

8,000 construction workers to be trained pan India – PNB Housing Finance signs MOU with CREDAI

02 May 2017
Aims to train more than 500 construction workers in Gujarat and nearby villages.

Taking forward its commitment to the cause of improving the lives of construction workers, PNB Housing Finance has signed an MoU with CREDAI (The Confederation of Real Estate Developers Association of India) to train 8,000 construction workers pan India. The announcement was made at the Investiture Ceremony of CREDAI Executive 2017-19 under the leadership of Jaxay Shah in Ahmedabad. The announcement witnessed the presence of Venkaiah Naidu, Minister of Housing and Urban Poverty Alleviation & Information and Broadcasting and Vijay Rupani, Chief Minister, Gujarat.

The training programme is being supported by PNB Housing under its CSR initiative aimed at providing skill training to construction workers across India. The skill training is provided in the trade of masonry, bar bending, shuttering and electrical. The programme aims to upgrade skills of the construction workers to meet global benchmarks, which in return shall increase the productivity of the workforce.

Speaking at the inauguration, Sanjaya Gupta, Managing Director, PNB Housing Finance, said, “India is among one of the world’s biggest construction markets, and the last decade has seen the real estate sector bloom. We are extremely focused on improving lives of the construction workers and their families who form the core stakeholder group for us and contribute a good deal towards the overall industry growth. Through our CSR initiatives, we are continuously working towards upgrading their skills, provide them with necessary trainings and creating a conducive working environment for them. The collaboration with CREDAI is one more such step towards our continued efforts aimed at their overall upliftment and empowerment across India.”

Further, Jitendra Thakker, said, “The Prime Minister of India has launched the skill mission with a vision to make India the world’s skill capital. Keeping in line with his vision, CREDAI has been focusing on skill development and conducting on-site skill upgradation programmes for construction workers. Beginning with the Kushal programme in Pune, CREDAI has till date trained more than 50,000 workers in over 30 cities for more than 100 member developers. Here onwards we plan to skill one lakh workers every year. In this endeavor, we are being supported by our long standing funding partner PNBHFL who have committed to support the skilling of 8,000 workers during 2017-18 in an MoU signed with CREDAI during the Investiture Ceremony of CREDAI held in Gandhinagar on the April 9. It is our belief that together we will be able to enable the construction workers to enhance their skills and earn better wages in times to come and upgrade their lives and families.”

As of December 31, 2017, PNB Housing Finance, in partnership with CREDAI, has supported the training and assessment of 4500 construction workers and are committed to train more construction workers in Fiscal Year 2018.