While 75% of the cost is being borne by NSDC, a sum of Rs 7 crore will be invested by SkillPro to scale up its operations.
“We will also look at closing a round of equity-based institutional funding in less than a year,” said Ananth Rao, MD at Focus Ventures and chairman of SkillPro who acquired the company in 2012. The company presently runs 50 centers across 15 states and has trained around 48,000 people so far.
The company will be the seventh NSDC partner in Andhra Pradesh and Telangana. The investment will be focused towards training 5 lakh people over the next 10 years across six sectors in IT/ ITeS, healthcare, retail, capital goods and manufacturing, construction and automotives.
“Apart from our existing corporate clients, we will also announce our tie-up with e-commerce players for backend operations for delivery, procurement and customer services. We are also targeting tie-up with a university based in Maharashtra to introduce vocational training across 21 colleges in the state,” said Rao.
Source: The Economic Times