Manit Parikh, Country Head India, ELSA Corp has said the decision of the Central government to invest Rs 3,000 Cr in skill development would ensure quality in skill development in India.
"There is a huge demand for individuals in various industries countries internationally as well. However, the skills do not match in accordance to demand by employers. So, by the government proposal of Rs 3,000 crore it allows the country to create quality skill development which will be available at affordable cost, focusing on 5 key components that are Visual, Reading, Listening, Speaking and Thinking among others are very important, especially via the use of emerging technologies such as Artificial Intelligence (AI), Augmented Reality (AR) / Virtual Reality (VR) and more," said Parikh. "There have been many Ed-Tech companies in India like BYJUs, ELSA Speak and more who are at the forefront of this by engaging with both youth and adults in Tier 1 cities and beyond to empower and uplift them to have jobs and move away from ones which may soon become obsolete," he added.
Mr. Parikh also highlighted the role of youths in enabling US$ 5 trillion Economy target of India. The advantage of the 'youth dividend' needs to be channelized and enabled to put the country on the global map, suggested Parikh. ELSA Corp is an Edu-Tech headquartered in the US with tech offices in India, Portugal, and Vietnam.