YES BANK and YES Global Institute partnered Invest India and UK India Business Council (UKIBC) hosted an event to release the collaborative study report on 25th April 2018 in Delhi. The occasion was marked by an interactive session on identifying a roadmap towards building a robust skill ecosystem to meet the needs of an evolving job market.
Key features of the Study
Release of the YES BANK – YES Global Institute study ‘Indian Skill Ecosystem – Scoping Opportunities for India-UK Partnership’, which outlines a three-pronged approach to building a dynamic & modern Indian Skill Ecosystem, namely – Policy interventions, Operational interventions and Robust Skill Ancillary Infrastructure.
The study provides insights on on-ground demand, outlook & skill delivery and provides a recommendation framework based on sector specific labour market information systems and skill development plans.
Preeti Sinha, Senior President, YES BANK and Glocal Convenor, YES Global Institute; Deepak Bagla, MD & CEO, Invest India; Gavin McGillivray, Minister Counsellor Development and Head DFID India; Shri Rajesh Agrawal, Joint Secretary, Ministry of Skill Development and Entrepreneurship (MoSDE) and Nikhil Sahni, Group President, Govt Banking and National Head, Branch Banking, YES BANK unveil the YES BANK – YES Global Institute report on ‘Indian Skill Ecosystem – Opportunities for India-UK Partnership’.
Commenting on the initiative, Rana Kapoor, MD & CEO, YES BANK and Chairman, YES Global Institute said, “Developing and empowering human capital to transition to a new-age economy, powered by Digitization and the 4th Industrial Revolution, is of paramount importance globally. The stakes are even higher for India, where favourable demographics are at the core of our competitive advantage over the next two decades. I firmly believe that the UK’s expertise and experience in skilling can provide valuable guidance as we continuously improvise to make our skill ecosystem truly world class.”
Deepak Bagla, MD & CEO, Invest India said, “Beyond the basic skilling gaps currently targeted by government schemes, the next big challenge for India is to develop new age skills for the evolving world of AI and automation.”
Gavin McGillivray, Minister Counsellor Development and Head DFID India said, “The report provides a timely and valuable snapshot and comparison of the skilling system in India and the UK. It makes a number of recommendations and suggestions, which we can build on to enhance India-UK collaboration on Skill Development.”
The Conclave also included a panel discussion on ‘India-UK Engagement for New Collar Jobs’ led by Ms. Sunita Sanghi, Senior Advisor – Skill Development and Employment, NITI Aayog; Mr. Richard McCallum, MD, UKIBC; Mr. R.C.M. Reddy, MD & CEO, IL&FS Education; Mr. Jawed Ahmed, MD, Perkins India Ltd. and Mr. Rajat Khawas, Head Services & Government Business, Manipal City & Guilds. The discussion deliberated on the opportunities and challenges at the G2G and B2B level to develop a India-UK partnership for ‘New Collar Jobs’ through the prism of policymakers, skill providers, UK bases businesses and skill practitioners.