Jharkhand : A Futuristic Vision for Golden Tomorrow
January -2018 Special Issue

Jharkhand : A Futuristic Vision for Golden Tomorrow

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Jharkhand is young and transforming rapidly. the state with 70 per cent of its population under 35 years is ushering a new era of speedy economic growth by shedding its image from a mining economy to a services and manufacturing hub in East India. the current growth is leading the state towards a developed one in shorter time span.

Satish kaushal, Industry Leader and Associate Partner, Ernst & Young

Satish kaushal, Industry Leader and Associate Partner, Ernst & Young

In recently concluded “momentum Jharkhand” campaign, both Indian and international industry leaders reposed tremendous confidence in ths state by signing over 200 mous that in turn promises employment of over six lakh youth in new industries to be set up in the state in next five years.

With some of the best institutions like BIt messra, XLRI Jamshedpur, Indian Institute of mining dhanbad and Ranchi university, Jharkhand is investing more to improve its education system and to set up more technical and higher education institutions of global repute. However the state, over the years, has witnessed the migration of its youth to work in different parts of the country on low wages.

Driven by Prime minister Narendra modi’ vision, “matching job creation with industry demand is the key to end unemployment”, the Jharkhand Government is resolutely preparing youth for all sectors that are in great demand in India and overseas. the Government is also nurturing the future-ready skills in youth as Industry 4.0 is going to change the ways we will work, interact and communicate in future.

In this light, Jharkhand chief minister Raghubar das has declared that the state Government will train “at least one member of every poor family to make them independent”, so that they can get jobs anywhere or start their own venture. He drives the vision” By strengthening the youth we will be able to strengthen the state”.

It is important to understand what it means when a state sets its target of skilling 20 lakh youth in 5 years. Rarely a state connects so well on outcome it will enable every 3rd household in the state to have a skilled worker in five years which in long term will result into a highly skilled society ready to compete, more productive and self-reliant.

Unlike many other states, Jharkhand government has created a very robust administrative set up wherein all departments are collaborating with Jharkhand skills development society (Jsdms) as its nodal institution to facilitate skilling at different levels – schools, colleges and universities. the whole programme is being driven through a very well-orchestrated skill Policy 2018.

It’s vital to have overview of the state’s present skill ecosystem and few of the salient features of the skill Policy which provides tremendous value and benefits to all stake holders – Youth, training Providers and Entrepreneurs looking forward to make investments in skill domain:

Creating new Capacities for Scaling Skills to new heights: state already has 15 mega skill centres. with a view to skill candidates in different sectors under one roof, the state has put its goal towards setting up 100 mega skill centres in five years.

Expanding Current base of Sakasham Centers: Based on Nsdc/sector skill councils framework, the programme will get additional support from state’s organisations through mobilization and placement. Providing job offers to 25,000 youth of Jharkhand is a step in that direction only.

Jobs for Future: the world is moving towards aligning on its own due to Industry 4.0 revolution. the revolution will bring forth new technology requirements such as Adoption of machine Language, Robotics, Block chain, Iot and Artificial Intelligence. In order to grab the opportunity, the Government of Jharkhand has already started establishing centres with siemens software Ltd, oracle, cIsco, HPE and others. Nearly 20 such centres are training the students in aforementioned areas. the Government is looking forward to expand such centres and sign with other leading firms of India and overseas.

Employers Incentives: state skill Policy is outcome focused and hence it is necessary to work with reputed employers of the country. state skill Policy is perhaps first of its kind in the country that looks forward to provide major fiscal benefits on achieving reasonable targets.

Integrating higher Education with Skills: Jharkhand is one of the few states of India that have clearly set the vision of providing skills to the students pursuing higher studies so that they can be part of state’s GDP in early stages of their career. despite setting up a skill centre in colleges, Jharkhand in next two years is targeting to set up one skill centre in each of the 82 constituencies of the state. It will allow few colleges to have 3-4 skill centers. this model is in line with credit system in higher education and skills from countries like Germany, singapore and Australia.

Apprenticeship, Entrepreneurship and Inclusive Focus: state also has developed clear incentives to promote participation and contribution of youth in schemes with fiscal benefits and not limiting to employment as the only outcome of skills initiatives.

Ernst & Young (EY) is associated with Jharkhand Government in many sectors and domains. one of them is to work closely with department of Higher and technical Education and Jharkhand skill development mission society to support the state’s initiatives and policies to be implemented and executed on ground with great speed, transparent processes,best practices from country and overseas by a team of experts in areas of program execution, knowledge management and digital transformation. EY is humbled to be partner of the state in its journey to “skilling Youth, Enabling Growth”. we also feel grateful for that we are part of the mission “Building a Better working world” through leveraging the tools and programs being put in different centers of the state.

Grab the opportunity to meet the who's who from the world of education. Join us for World Education Summit in New Delhi on 9-10th August 2018. It will be a wonderful occasion to explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter.

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