Government would require Rs 6 lakh crore to train 300 million people

Skills development minister Rajiv Pratap Rudy on Monday urged industry to partner with the government to achieve the robust target of imparting skills to 400 million workforce over the next four years.

"Challenge for the government is how to partner with industry so as to create an ecosystem to proliferate skills across India at all levels," Rudy said at the CII annual session.

Rudy said estimate suggests that government would require Rs 6 lakh crore to train 300 million people at an average cost of training at Rs 20000. The newly created skills development ministry by the BJP-led NDA government at the Centre has been allocated Rs 1700 crore for 2016-17.

According to Rudy, his mins later will soon conduct a 1st national convocation for skilled manpower in the capital to meet the aspiration of these people.

Budget 2016-17 had announced government setting up of 1500 multi-skill training institutes in the country to impart skills training to 400 million people over the next few years.