Why Construction Sector - Navaritih Construction

Skill development trainings for construction sectors is the need of the hour!

The current education system does not focus on training young people in employable skills that can provide them with employment opportunities. Today, a large section of India’s labor force has outdated skills. Ironically, most industries in India are currently struggling with scarcity of skilled labor. Although more than 40 million people are registered in employment exchanges, only 0.2 million get jobs, thereby leaving a huge number of young people as unemployed. With current and expected economic growth, this challenge is going to only increase further, since more than 75% of new job opportunities are expected to be "skill-based." USS aims to promote and provide vocational training to students, local innovators, existing workers, and graduates in the field of skill development and entrepreneurship development. It also builds capacity in the area of development of competency standards, course curriculum, learning material and assessment standards in the country.

The construction industry is the second largest industry of the country after agriculture, accounting 11 percent of India’s GDP. Despite this, the industry faces a grave challenge of the skilled workforce. While this sector continues to grow at a rapid pace, it continues to be devoid of skilled manpower. India’s formally skilled workforce is approximately 4% - which is dismally low compared to China (47%), UK (68%), Germany (74%), Japan (80%), or South Korea (96%).

According to the KPMG report for the National Skill Development Corporation (NSDC), the Real Estate and Construction Sector alone needs 45 million additional skilled manpower over the next 10 years. Given the shortage of Skilled manpower in the industry on the one hand and high levels of unemployment in the country on the other, the need for focusing on Skill Development programs cannot be overemphasized.