Finance Minister Pranab Mukherjee will launch the National Skill Development Corp,a joint venture of Government and industrial associations for developing skilled workers,on Tuesday. "Skill gaps are evident in 20 high-growth industry sectors and the unorganised sector. The National Skill Development Corp (NSDC) will foster private sector industries to encourage skill training," an official release said. The NSDC,which would be held in the 51:49 ratio by the industry and the Government,will identify areas where support and supplementation would be needed from the Government. Accordingly,the respective industry association will chalkout the sectoral vision for sectoral skill development initiative. Besides Finance Ministry,all prominent industry bodies have contributed to the initial capital of this joint venture. The NSDC is being set up under the Centre's 11th Five-Year Plan,which has set the objective of creating a pool of skilled people in line with the requirement of users such as industry,trade and service sectors. The Plan document has proposed to launch a Skill Development Mission. The mission structure consists of the Prime Minister's National Council on Skill Development for apex level policy directions,a National Skill Development Coordination Board,and a National Skill Development Corp. As part of the private sector initiative,21 high-growth sectors and services have been identified that have the ability to provide high employment.
