Try GOLD - Free
Giant Strides on Automotive Skill Highway
Auto Components India
|March 2017
The automotive industry players in the original equipment, service and aftermarket segments are making giant strides on the automotive skill highway. The main objective of this annual issue is to highlight these initiatives for skill development and to initiate a thought process at the national and corporate level for doing better and faster.

The importance and necessity of developing skills of the demographic dividend of India has been recognised long ago and actions have been under way. Now these actions are streamlined and strengthened under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY). PMKVY is the flagship scheme of the Ministry of Skill Development and Entrepreneurship (MSDE), now headed by Rajiv Pratap Rudy, Minister of State, Independent Charge. Approved for four years (2016-2020), to benefit 10 million youth, it has an allocated budget of Rs 12,000 crore. The objective of PMKVY Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood.
The key components of PMKVY are (i) Short-term training to provide 60 lakh youth with the opportunity to get trained, assessed and certified, (ii) Recognition of prior learning to align the competencies of 40 lakh individuals from the unregulated workforce with the National Skill Quality Framework (NSQF), (iii) Special projects to enable a platform that will facilitate trainings in special areas and premises of the government bodies and corporate, (iv) Kaushal and Rozgar Melas, to be organised every month by the training partners to ensure that the schemes reach far and wide and are successful, (v) Placement assistance to link the aptitude, aspiration and knowledge of PMKVY candidates to potential employers. National Skill Development Corporation (NSDC); Skill India; and Skill Management and Accreditation of Training Centres (SMART) are the other divisions of PMKVY.
NSDC
The National Skill Development Corporation, (NSDC) is a one of its kind, Public Private Partnership in India, under the Ministry of Skill Development and Entrepreneurship. It aims to promote skill development by catalysing creation of large, quality, for-profit vocational institutions.
This story is from the March 2017 edition of Auto Components India.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Auto Components India

Auto Components India
BORGWARNER SECURES ELECTRIC CROSS DIFFERENTIAL PROJECT FOR EVS IN CHINA
BorgWarner has secured a new program with a Chinese OEM to supply its electric cross differential (eXD) technology for use in EVs in China.
1 min
September 2025

Auto Components India
CEAT ACQUIRES CAMSO BRANDS OHT AND TRACK BUSINESS
C EAT has finalised its acquisition of Michelin Group's Camso off-highway tyres and tracks business.
1 min
September 2025

Auto Components India
VECV AND JIO-BP PULSE SIGN MOU TO BOOST EV CHARGING INFRA
VE Commercial Vehicles has signed an MOU with Jio-bp pulse to expand charging access for its electric commercial vehicle customers.
1 min
September 2025

Auto Components India
GODREJ ENTERPRISES GROUPS' TOOLING BUSINESS SECURES THREE PATENTS
Godrej Enterprises Group (GEG) announced that its Tooling business has secured three patents.
1 min
September 2025

Auto Components India
VALVOLINE CUMMINS PARTNERS WITH MAHINDRA
Valvoline Cummins Private Limited announced a new strategic business collaboration with Mahindra and Mahindra Ltd.
1 min
September 2025

Auto Components India
NIDEC SHARES PLUNGE AS ACCOUNTING PROBE ENGULFS MANAGEMENT
Shares of Japanese electric motor and auto parts maker Nidec Corp slumped after the company revealed an accounting probe that could involve senior management.
1 min
September 2025
Auto Components India
CHINA EASES RARE-EARTH MAGNET EXPORT CURBS TO INDIA
China has lifted curbs on the export of rare earth magnets to India.
1 min
September 2025

Auto Components India
APOLLO TYRES OPENS NEW OUTLET IN BENGALURU
Apollo Tyres Ltd. has opened its first super premium branded retail outlet in Bengaluru.
1 min
September 2025

Auto Components India
Die Casting Summit 2025
The Die Casting Summit 2025, hosted at the Godrej Enterprises Group, brought together global stalwarts and domestic pioneers of the diecasting industry for a day that was as much about technology and collaboration as it was about foresight
3 mins
September 2025

Auto Components India
PROTON OPENS FIRST EV PLANT IN MALAYSIA
Malaysian carmaker Proton has inaugurated its first EV assembly plant at the Automotive High-Tech Valley in Perak.
1 min
September 2025
Translate
Change font size