Infosys Foundation Pledges Rs 33 Crore To Skill Students In Engineering, Arts, Science
Infosys Foundation, the philanthropic arm of Infosys Ltd., has signed a memorandum of understanding with ICT Academy of Tamil Nadu, a non-profit organisation, to increase the employability of young learners in rural India. This collaboration will aim to enable students pursuing engineering, arts and science courses in tier-2 and tier-3 cities across the country to gain relevant skills that are necessary for career development.
Through this MoU, Infosys Foundation will further help establish Centres of Excellence for Women and Youth Empowerment in over 450 colleges in India, which can serve as hubs for skill development and online/offline training, as well as enable job placements. The curriculum will include 80 hours of training in core skills, 20 hours of training in soft skills, placement facilitation for certified students as well as activities such as youth empowerment summits and coding practice for real-world problems.
The joint initiative will aim to skill 48,000 students over a period of three years in information technology, banking, financial services and insurance, retail, e-commerce, logistics, knowledge process outsourcing and soft skills. Infosys Foundation has committed a grant of over Rs 33 crore towards this project.
“Through our collaboration with the ICT Academy, we will equip young leaners in rural India with essential technical and soft skills, consequently improving their industry-readiness and employability in today's dynamic talent landscape,” said Sumit Virmani, trustee, Infosys Foundation.
In addition, the initiative will leverage Infosys Springboard, the company's flagship digital learning platform, to make learning and skilling more accessible to students.
"As the industry rapidly evolves, the demand for a workforce skilled in advanced IT, KPO, BFSI, retail, e-commerce and logistics has never been higher. According to a recent report, India's IT industry alone is projected to generate over 2 million new jobs by 2027," said V Srikanth, CEO, ICT Academy.
"This initiative by Infosys Foundation is not just about meeting the immediate needs of the job market; it's about investing in the long-term career success of 48,000 students over the next three years," Srikanth added. "For graduating students, this translates to enhanced employability and greater career opportunities."
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