Srinivas Prasad CEO Philips Innovation Campus with the girls for the Skill India program

Bangalore March 21, 2016 : Philips shared its sustainable plan towards the cause of Skill India with a focus to bridge the increasing employability gap in India. As a key step in this journey, Philips has established a long term partnership with Smile Foundation to further the cause of skilling people to improve their employability prospects.

Philips has always reached out to marginal sections of the society through its various programs in education, healthcare and environment over the years. Under its Skill India program, Philips will touch livesby empowering women, engineering students and its facilities and support staff to enhance their skill sets and provide them with gainful employment.

Empowering women: A sustainable3 year partnership through the SMILE Twin e-Learning Program (STeP) centers at Bangalore and Delhi will train 250 women (per year) from urban slums.  The program will also ensure gainful employment for these women in sectors such as retail, hospitality, BPO, beauty and wellness etc.

Skilling engineering students:PIC also actively encourages and supports employee volunteerism and has created the right environment for employees to venture beyond their everyday work and realize their social aspirations. PIC will focus on incubating a strong R&D ecosystem in India at the academia level and will actively work with the engineering student community to impart technical training and practical knowhow in new technology areas likeBig Data Analytics and Digital Healthcare. PIC’s subject matter experts will conduct workshops for students to bridge the industry-academia employability gap.

Skill acquisition for support staff: PIC also announced a specially designed skill enhancement program to empower its facilities and support staff. Through this initiative, PIC will impart soft skills training to enhance their employability quotient and help them acquire new skills toenable them with extra income opportunities.This will also boost the career prospects of the facilities and support staff, increasing their self-confidence and quality of living.

Mr. M.R Srinivas Prasad, CEO Philips Innovation Campus said, “Philips always believes in developing its immediate community and providing them with an improved life. Through the Skill India campaign, we would like to touch lives of more people by creating platforms for skilling themselves and getting employable. The employment opportunities in our country are huge however having the right skill sets often become a hurdle for success. This gap has to be bridged, that’s when our majority of population will become rightfully employable.”
Mr. Vikram Singh Verma, COO, Smile Foundation says, “Knowledge of market-oriented job skills such as English, basic computer, personality development, retail management, relevant soft skills etc. is essential in seeking a job. For the underprivileged youth in our country, there is an urgent need of employability training that demands addressing. We would like to thank Philips for supporting our youth training and livelihood projects in Delhi and Bengaluru.”

Interesting data points:

  • According to NSDC, the growing skills gap in India is estimated to be more than 25 crore workers by 2022.
  • India in 2013 had 44.79 mn unemployed persons with the employment rate being just 7.3%.
  • According to Aspiring Minds National Employability Report, which is based on a study of more than 1, 50,000 engineering students who graduated in 2015 from over 650 colleges, 80% of them are unemployable.
  • In its India Skills Report for 2014, Wheebox, has stated that only 10% of MBA graduates in the country are employable.