Shri A.M. Naik has been appointed as Chairman of National Skill Development Corporation (NSDC) by the Ministry of Skill Development and Entrepreneurship.
- Currently Shri Naik is the Group Chairman of India’s biggest engineering and construction conglomerate – Larsen & Toubro Limited (L&T). He is one of the most respected management professionals in the country. His years of successful stewardship have resulted in building L&T as one of the strongest global businesses.
- The appointment of Mr. Naik as Chairman of NSDC underscores the importance attached by the Prime Minister of India Shri Narendra Modi to skill development. As the Prime Minister has repeatedly stressed ‘skilling brings a sense of self confidence to the poor. Matching job creation with industry demand is the key to end unemployment. It is envisaged that in the future, India will be the biggest supplier of workforce to the world.’
- Shri Naik was awarded the Padma Bhushan, India’s 3rd highest civilian award in 2009 for his outstanding contribution to the economic growth of the country.
About NSDC
- NSDC is a unique public-private-partnership, working under the aegis of the Ministry of Skill Development & Entrepreneurship. NSDC aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions.
- The organisation provides funding to build scalable and profitable vocational training initiatives. It also develops appropriate models to enhance, support and coordinate private sector initiatives.
- NSDC supports short-term skill training through a wide network of training providers and district nodal skill centres called Pradhan MantriKaushal Kendra (PMKK). Besides, the organisation is involved in re-skilling and also in catering to the skilled manpower requirement of overseas markets, most notably that of Japan (under TITP) and UAE.
- NSDC is a unique model created with a well thought through underlying philosophy based on the following pillars:
- Create: Proactively catalyse creation of large, quality vocational training institutions.2.
- Fund: Reduce risk by providing patient capital. Including grants and equity.
- Enable: the creation and sustainability of support systems required for skill development. This includes the Industry led Sector Skill Councils.
