VEDANTA RESOURCES
The Skill India campaign provides yet another avenue for a productive partnership between the government of India and Vedanta, a global, diversified natural resources company, which has implemented several skill development programmes for the youth, across states in India, in the last decade.
The Skill India campaign is designed to catalyse India's economic resurgence through inclusive, broad-based growth. India's demographics is sweetly poised currently as 60% of its population is under the age of 35 years. It is estimated that only 4.69 percent of India's total workforce has undergone formal skill training, compared with 52 percent in the USA,
68 percent in the UK, 75 percent in Germany, 80 percent in Japan and 96 percent in South
Korea. (NSSO 68th Round)
Based on the Census 2011 and NSSO (68th Round) data, it is estimated that 104 million fresh entrants to the workforce will require skill training by 2022, while 298 million of the existing workforce will require additional skill training over the same time period. At a time when the economy is getting its feet back amid a tepid macro-environment, creating a sound framework for a skilled workforce will augur well for the future. The Government's decision to provide skilling to 4.5 million youths in the natural resources sector is an unprecedented step towards backward integration of 'Make In India'. Vocational expertise in the core sector will guarantee India's sustainable growth over the
long-term, even through down cycle.
DLF Atria, Jacaranda Marg, DLF City - Phase-2, Gurgaon - 122002, Haryana, India
T +91 124 4593000 | Website: www.vedantalimited.com
Registered Office: Sesa Ghor, 20 EDC Complex, Patto, Panaji (Goa) - 403 001
CIN: L13209GA1965PLC000044
Mr. Agarwal is committed towards poverty eradication and making India a self-sufficient economy. Mr. Anil Agarwal, Chairman, Vedanta believes that for every young individual to truly become an active participant in India's economic growth the tripartite network of government, academia and industry is crucial. It will engage, enable and empower these bright minds thus boosting not just employability but also enterprise.
Vedanta is partnering with the Government of India, to empowerment youth through its skill development programmes. The largest employer across eight states of India, Vedanta continues its commitment to create structures and mechanisms that enabling the youth to gain employment. Vedanta's modern Anganwadi; Nandghar was inaugurated on 24 June
2015, by the Union Minister of Women and Child Development, SMT Maneka Sanjay
Gandhi and Mr. Anil Agarwal. The Nand Ghar, a first of its kind PPP model, in partnership with the government has potential to be a movement for a holistic approach towards child care and women empowerment.
Mr. Agarwal believes that vocationally skilled women will broaden India's base of economic development. Today India looks poised to grow at over 7.5%. While, it is a robust rate, Mr. Anil Agarwal is confident that it can achieve double-digit growth. Our billion plus population houses over 600 million women. 50% of its total population is between the age of 0-25, which makes India one of the youngest nations globally. Such demographic wealth is unmatched. But it can only be tapped when these the women are
empowered.
DLF Atria, Jacaranda Marg, DLF City - Phase-2, Gurgaon - 122002, Haryana, India
T +91 124 4593000 | Website: www.vedantalimited.com
Registered Office: Sesa Ghor, 20 EDC Complex, Patto, Panaji (Goa) - 403 001
CIN: L13209GA1965PLC000044
About Vedanta Limited (Formerly Sesa Sterlite Ltd. /Sesa Goa Ltd.)Vedanta Limited (Vedanta Ltd) is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.
Vedanta Ltd, formerly Sesa Sterlite Ltd. /Sesa Goa Ltd., is the Indian subsidiary of Vedanta Resources
Plc, a London-listed company. Sustainable Development is at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. Vedanta Ltd is
listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.
For more information please log on to www.vedantalimited.co.in
For further information, please contact:Roma Balwani
President - Group Sustainability, CSR and Communications
Tel: +91 22 6646 1000
gc@vedanta.co.in
Disclaimer
This press release contains "forward-looking statements" - that is, statements related to future, not past,
events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
Vedanta Limited (Formerly known as Sesa Sterlite Ltd. /Sesa Goa Ltd.)DLF Atria, Jacaranda Marg, DLF City - Phase-2, Gurgaon - 122002, Haryana, India
T +91 124 4593000 | Website: www.vedantalimited.com
Registered Office: Sesa Ghor, 20 EDC Complex, Patto, Panaji (Goa) - 403 001
CIN: L13209GA1965PLC000044
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