CREDAI's Skill Development Programme, which has trained more than 1 lakh construction workers since 2011, is a rare example of an industry association stepping in to fill the skill gap in the country.
The budget seeks to provide an environment that attracts investment in industry and propels economic growth. The proposal to do away with different types of foreign investment caps and replace them with a composite cap is welcome.
The hope for industry is on increase in labour supply to the construction industry through the National Skills Mission for skill development and entrepreneurship. The Government and the Hon Prime Minister, as we know, are putting their effort into skill development which is a must for the youth in the country.
With the target to train 3 lakh workers in the next fiscal out of the current 3.5 crore unskilled workers, the National Skill Development Corporation (NSDC) is dreaming big. And, the Construction Skills Summit held last week in Mumbai unveiled the council's training plans for the next fiscal.