• The Union Cabinet gave its approval for setting up of Indian Institute of Skills at different locations across the country. The IISs will be set up in public private partnership mode.

About:

• • The setting up of IISs will help augment the global competitiveness of key sectors of Indian economy by providing high quality skill training, applied research education and a direct and meaningful connection with industry.
• It will provide opportunity to aspiring youth across the country to have access to highly skilled training, and enhance the scope of accountability through its linkage with industry and global competitiveness across sectors, the release added.
• The institute shall be equipped with state-of-the-art facility to impart skill development courses to the trainers and assessors along with training of candidates in new age courses catering to the needs of the industry, designed keeping in mind the youth of the institutes’ catchment areas. Skill India is a demand driven program which trains people in job roles which are market relevant and of current industry needs and standards

Significance:

• • Skills and knowledge are the driving forces of economic growth and social development for any country. Countries with higher and better levels of skills adjust more effectively to the challenges and opportunities of world of work.
• The skill development initiatives support the supply of trained workers who are adjustable dynamically to the changing demands of employment and technologies. This policy will promote excellence and will meet the requirements of knowledge economy.
• • Skill development will help actualize the potential of huge demographic dividend.
• Bringing the PPP institute will make equitable access to all who are deprived of skill training. Creating effective convergence between school education, various skill development efforts of government and between government and Private Sector initiative.
• It helps in achieving India’s target of creating 500 million skilled workers by 2022.
• Improving productivity and living standards of the people. Strengthening competitiveness of the country which will attract investment in skill development.