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Wadhwani Foundation to give Rs 613 crore to create 25 million

Education NewsThe foundation, started by nonresident Indian entrepreneur Romesh Wadhwani, which began with introducing entrepreneurship as part of the curriculum at IITs and other premier institutes in the country, finds the environment conducive for this commitment given the Narendra Modi-led NDA government’s focus on entrepreneurship and skill development.

“We have already demonstrated to the government that all this can work. We are willing to invest Rs 613 crore and are looking forward to partnering with the government and state governments to further scale up these and other major initiatives to help India create and fill 25 million jobs in the next five years,” Wadhwani Foundation’s president and chief executive officer Ajay Kela told.

The foundation is looking at creating five million jobs by creating new entrepreneurs, 10 million jobs through small and medium enterprises (SMEs) and another 10 million by enhancing the skills of undergraduates for entry-level jobs across the sectors. Romesh Wadhwani has already met the Prime Minister in this regard and Kela has held further discussions with the central government.

In the past decade, the foundation has pushed and created the content for entrepreneurship courses across premier institutes like the IITs. “We have now converted these offline courses to online offerings. We are looking at offering these courses through the flipped or backward classroom model to reach out to 5,000 colleges and institutes in the country,” Kela said. Flipped classroom allows students to learn the content online before attending a real-time class by the faculty to further brainstorm and discuss the assignments given.

Source: The Economic Times

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