Abstract:
Around five months back, Prime Minister Narendra Modi launched “Make in
India” project, with an aim to make manufacturing a key engine for India’s economic
growth. But to make this project successful, it is important to focus on the development
of the skills of Indian labours to enable them in getting and doing the right job. Planning
Commission report suggests only10% of the Indian workforce get formal training and
against the actual industrial training requirement of 22 million workers, only 4.3 million
workers are getting trained! To overcome this, Government of India has launched
various skill development initiatives, but faced various challenges while implementing
the same. However, few other nations like, China, Germany, South Korea, United
Kingdom and Singapore have successfully implemented their respective skill
development programs. So, in order to make “Make in India” project successful, various
corrective measures should be taken to bridge the gap between existing and required
skills and also to improve the implementation of skill development initiatives.
