Ministry of Human Resources and Social Development KSA collaborates with NSDC to enhance skill development

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December 15, 2023

The Ministry of Human Resources and Social Development – KSA (Kingdom of Saudi Arabia) signed a conference with the National Skill Development Corporation (NSDC) of the Ministry of Skill Development and Entrepreneurship India to significantly increase cooperation in skill development.

This strategic partnership aims to enhance the importance of international cooperation in skills, professional standards and sectoral councils. The conference was signed in the presence of Dr. Ahmed Alzahrani, Deputy Minister of Skill & Training, Ministry of Human Resources and Social Development – KSA.

The National Skill Development Corporation India (NSDC) was set up as a one of its kind, Public Private Partnership Company with the primary mandate of catalysing the skills landscape in India. NSDC is a unique model and by far has trained more than 5.2 million students. Additionally, 235 private sector partnerships for training and capacity building were established, each to train at least 50,000 persons over 10 years.

Earlier, NSDC solidified its partnership with DP World with the broader aim of skill development and strengthening the India-UAE relationship. Also, DP World has established a robust partnership with the National Skill Development Corporation, resulting in the upgrade of the Skill India International Centre in Varanasi last year.

Vedantu announces expansion with 30+ offline centres across India

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December 14, 2023

Vedantu has announced its expansion with a plan to open 30+ offline centres for JEE, and NEET in multiple cities across the country, according to the official release from the company.

The company states that these offline centers will be located in Bangalore, Chennai, Coimbatore, Madurai, Trichy, Puducherry, Hyderabad, Visakhapatnam, Vijayawada, Delhi, Patiala, Pune, Nagpur, and Muzaffarpur. These new facilities hope to provide students with a nurturing learning environment that will enhance their overall educational experience by utilizing state-of-the-art infrastructure and professional guidance.

Vamsi Krishna, Founder, CEO, Vedantu expressed his thoughts and said “At Vedantu, we recognize that we’re not just coaching students for exams; we’re preparing them for life, and throughout this journey, we promise to stand by their side, offering unwavering support and care and inspiring them to unlock their true potential. Vedantu expanding its services to Oﬄine centres across India was the obvious next step in our journey to make quality education accessible for all. Vedantu plans on expanding even more in the future and supporting students from the remotest parts of our nation.”

The company promises that all of its offline locations will have high-tech classroom amenities to offer a dynamic learning environment and guarantee student participation. Students are able to freely explore, ask questions, and learn around the clock in this welcoming environment. It is a complete learning toolkit that includes a Doubt App that allows questions to be answered in real-time, one-on-one sessions, and a Pedagogy app that provides access to a huge book library, a ton of practice questions, personalized flashcards, and adaptive practice that guarantees individualized growth.

AICTE, NSDC collaborates with Bajaj Finserv to launch certification progarmme in BFSI

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December 13, 2023

All India Council of Technical Education (AICTE), National Skill Development Corporation (NSDC) & Bajaj Finserv join hands to launch certificate programme in BFSI (Banking, Finance and Insurance) to prepare young graduates for employment opportunities in the financial service sector.

Speaking on the occasion Dharmendra Pradhan, Minister of Education expressed his happiness and said, “The partnerships forged will build competencies at scale in the financial sector and empower our youth to participate in the transformation happening in the financial and digital space. The Prime Minister’s vision of Viksit Bharat, the Voice of Youth program launched yesterday elicits the ideas of youth for a developed India, the role of skill development, and the financial sector in the making of a developed India.”

Additionally, Pradhan emphasized that our youth will play a key role in making of a Viksit Bharat driven by knowledge, competencies, skills, and the right attitude. He said that we are building a super highway of knowledge and competencies and India can become the hub for global financial services market.

Prof. T.G. Sitharam, Chairman, AICTE expressed on the signing of MoU with Bajaj Finserv and said, “It will further usher to new collaboration in education and industry-academia linkages. It will strengthen AICTE ‘s vision to bridge a gap between Industry and Academia, by rolling out immense opportunities for education, internships and job trainings for students in finance, banking and insurance sector.”

Ved Mani Tiwari, CEO, NSDC and MD, NSDC International said, “India’s financial sector has seen significant growth and development in recent years. At NSDC, our dedication lies in empowering youth by offering diverse opportunities through skill development initiatives, and partnering with Bajaj Finserv marks a strategic move towards aligning our skilling endeavours with the industry’s changing in the financial sector.”

Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv Ltd., said. “The partnership with NSDC and the Ministry of Education will help us make a difference to young people by providing them with greater access to skilling which opens infinite possibilities of success. It will also build economic resilience and an inclusive workforce for the future, in line with the theme of Kaushal Bharat, Kushal Bharat.”

As part of the partnership, Bajaj Finserv will advance skill-building initiatives to enhance the competencies of 20,000 candidates via its 100-hour Certificate Program in Banking, Finance & Insurance (CPBFI), which was created in conjunction with training partners, industry experts, academic institutions, and psychological health centers. Currently, CPBFI operates in more than 160 towns, 100 districts, and 350 colleges spread across 23 states. Its goal is to develop the abilities, mindset, and knowledge of recent graduates and MBA hopefuls, particularly in Tier 2 and Tier 3 cities. This will empower them to pursue employment opportunities and make wise choices regarding their long-term careers in the financial services industry.

The goal of both collaborations is to develop dynamic curricula that incorporate the most recent developments in technology, industry trends, and best practices while also adapting to the constantly changing environment of banking, insurance, and finance. The collaboration with NSDC will be strengthened on Skill India Digital (SID), the all-inclusive information portal for all government-led initiatives related to entrepreneurship and skill development. This will guarantee that students are not only academically prepared but also flourish in the real-world applications of these fields.

In order to provide the students with priceless opportunities, strategic industry partnerships will also be formed with reputable banks, financial institutions, and insurance companies. Through these collaborations, opportunities for internships, on-the-job training, and a firsthand look at actual industry practices are made available. This will allow for an effortless transition into professional roles by bridging the knowledge gap between what is taught in the classroom and what is required by the industry.

Special Olympics UAE signs MoU with American University in Dubai to boost sports infrastructure

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December 12, 2023

Special Olympics UAE and American University in Dubai have collaborated to boost cooperation and exchange valuable experience and knowledge related to sports for People of Determination.

The MoU increases public awareness of the benefits of inclusion in society as well as strategies for achieving it. The terms of the Memorandum of Understanding also include providing AUD students with volunteer opportunities during competitions, tournaments, events, and initiatives that Special Olympics UAE hosts throughout the Emirates.

Dr. Lance De Massey, President, The American University in Dubai, and Talal Al Hashemi, National Director, Special Olympics UAE, signed the Memorandum of Understanding. The agreement’s extensive provisions cover a range of cooperative efforts, such as conducting workshops in association with AUD’s College of Education for coaches, technicians, and administrators employed in the sports industry.

Talal Al Hashemi expressed his thoughts and said, “This MoU marks a strategic extension of Special Olympics UAE’s ongoing efforts to integrate People of Determination in society. The training programs, offered within the framework of this MoU, will open new horizons of knowledge for coaches and trainers, and we are proud of this remarkable collaboration with the American University in Dubai.”

The MoU increases public awareness of the benefits of inclusion in society as well as strategies for achieving it. The terms of the Memorandum of Understanding also include providing AUD students with volunteer opportunities during competitions, tournaments, events, and initiatives that Special Olympics UAE hosts throughout the Emirates.

Dr. Lance De Massey, President, The American University in Dubai, and Talal Al Hashemi, National Director, Special Olympics UAE, signed the Memorandum of Understanding. The agreement’s extensive provisions cover a range of cooperative efforts, such as conducting workshops in association with AUD’s College of Education for coaches, technicians, and administrators employed in the sports industry.

Enrollment in HEIs increases by 9 million since 2014

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December 11, 2023

Enrolment in higher education institutions (HEIs) has increased by nine million reaching a total enrollment of 4.32 crore. Also, the enrollment of female students has increased to a great extent.

“Approximately two crore female students are part of this total enrollment in higher educational institutions”, said Dharmendra Pradhan, Minister of Education.

He further said, “Compared to 2014, there is a 31.6 per cent increase in the number of female students studying presently. Pradhan said that, in 2014, the total enrollment of students in higher education was 3.42 crore, representing 23 per cent.”

According to the survey for 2021–2022, the enrolment has risen to 4.32 crore, or 28%. The Education Ministry reported that compared to prior years, higher education institutions’ resources have significantly increased. The Ministry claims that there are an increasing number of colleges and universities. 43,796 colleges and 1,113 universities exist in the nation as of right now.

States like Uttar Pradesh, Maharashtra, Tamil Nadu, Madhya Pradesh, Karnataka, and Rajasthan, which have performed exceptionally well in the education sector and are among the top six states, have the highest enrollment rates in higher education.

In addition to offering insights into the trend of students pursuing higher education, the ministry report notes that 12.3 lakh candidates applied for the Joint Entrance Examination (JEE) this year, setting a record. With 3.7 lakh more candidates applying for JEE Mains than the previous year, this represents a notable increase.

The report also shows that the proportion of female applicants has increased significantly.

Approximately 79% of students pursuing higher education including those enrolled in technical colleges, B.Tech programs, and MBBS programs are at undergraduate level. Twelve percent of them are also postgraduate students. The vast majority of graduate students are enrolled in the arts program.

UGC introduces guidelines for short-term skill courses in HEIs

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December 9, 2023

University Grant Commission (UGC) has approved the guidelines for introducing Short-term Skill development courses in HEIs (Higher Education Institutes). These guidelines are in alignment with the New Education Policy (NEP) 2020 which emphasis more on skill-based learning.

To address the skills gap, the goal is to introduce certificate courses, which are short-term, industry-relevant courses, and to establish the framework for the integration of skilling into higher education at all levels. These courses will focus on practical training and offer a holistic, specialised education that will allow students to gain real-world experience.

Anybody who has passed the 10+2/senior secondary examination, or equivalent, is qualified to apply to any undergraduate programme of HEI.

HEIs will offer credit-linked, three- to six-month certificate programmes in skill development as per the draft guidelines. HEIs will use a credit approach to establish the course structure. The minimum duration of a short-term skill development course in any stream is 12 credits, and the maximum credit count is 30 credits. The practical learning component of the short-term skill development course has to be given more attention.The institutes will also be required to create a strategy for helping the successful students who complete the short-term skill development course find jobs and internships.

Additionally, the guidelines stated, “The HEI may collaborate with the relevant Sector Skill Councils/Awarding Bodies and industries to gain credibility, access to placement opportunities, funding schemes and training, and ensure up-to-date course content.”

UGC underlined that the minimum faculty-to-student ratio in each HEI should be 1:30, and the maximum number of students allowed to enrol in a single short-term skill development course should not exceed 60 for each cohort.

According to the guidelines, HEIs can introduce short-term skill development courses in the below-mentioned areas:

Artificial Intelligence, and machine learning
Artificial Intelligence, and Robotics
IoT (Internet of Things)/ Industrial IoT/Smart Cities
Data Science and Analytics
Cloud Computing
Virtual Reality, Augmented Reality and Extended Reality,
Cyber Security and Digital Forensics
5G Connectivity
Digital Fluency/ Digital Transformation
Industrial Automation and Robotics Process Automation (RPA)

Along with the above-mentioned courses, there were also courses like Electronic System Designs/ VLSI Designs, Electronic Manufacturing, Basic Coding in Computing Language, 3D Printing, Digital Marketing, soft skills, health and wellness, Mobile Communication, Mobile Repairing and Basics of DTH Installation, Yogic Sciences, Fashion Technology, Fashion design, stitching, etc.

IIM Udaipur partners with Imarticus Learning to introduce CBO programme

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December 8, 2023

IIM Udaipur has collaborated with Imarticus Learning to launch the Chief Business Officer (CBO) programme. The programme is specifically curated to empower senior executives with the leadership skills and strategic thinking which is required to excel in the evolving business landscape.

The first class of the Chief Business Officers (CBO) Program is scheduled to begin in March 2024. The program’s goal is to provide emerging executives with the skills and information required to drive the companies’ commercial functions to heights of innovation and expansion. Through gamified simulations, live online lectures, on-campus immersion, and networking opportunities, participants will gain a profound understanding of business leadership concepts.

Senior executives with a minimum of five years of post-qualification work experience are eligible to apply for the Chief Business Officers Program. The requirements for eligibility include a UG degree with 50% of the possible points, and master’s degree holders will be given preference.

A wide range of crucial competencies for Chief Business Officers are covered in the program curriculum, such as team and stakeholder management, business financials, growth marketing, sales and marketing excellence, and leadership in the C-Suite. Members of the industry and senior academicians from IIM Udaipur will mentor the participants to help them gain the skills necessary to succeed in their positions.

Prof. N Viswanathan, Chairperson – Executive Education, IIM Udaipur expressed his thoughts on the launch and said, “We are thrilled to introduce the Program for Chief Business Officers in association with Imarticus Learning. This program reflects IIM Udaipur’s commitment to providing cutting-edge executive education that addresses the evolving demands of the business world. Through a unique blend of academic excellence, experiential learning, and networking opportunities, we aim to enable participants to emerge as strategic leaders with the ability to drive growth and innovation in their organisations.”

“As the business landscape evolves, the role of Chief Business Officer becomes increasingly dynamic and multifaceted. This program with IIM Udaipur aims to equip executives with the essential skills and strategic mindset required to excel in this pivotal role. The blend of immersive learning experiences, gamified simulations, and access to a global network of CXOs will empower participants to drive innovation, lead with confidence, and navigate complexities in today’s competitive business environment”, shared Nikhil Barshikar, Founder & CEO at Imarticus Learning.

The program stands out with many intriguing highlights. In order to provide participants with a flexible learning environment where they can engage with peers and industry experts, live online lectures will be combined with immersive campus sessions. A practical element is added by the creative GameStudio CXO Simulation, which tests players’ ability to make decisions in real time and sharpens their strategic thinking.

Upon program completion, participants become eligible to join the highly desirable IIM Udaipur Executive Alumni Network, providing access to a prestigious network of accomplished professionals.

Elets Spark Stage: Investment Summit & Startup Pitch Draws Global Attention in Dubai

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December 8, 2023

Elets Group LLC., a leading global technology and media research organisation, organised the Elets Spark Stage: Investment Summit & Startup Pitch on December 7, 2023, in collaboration with the Dubai Department of Economy and Tourism. The event took place at the Radisson RED Dubai Silicon Oasis, bringing together distinguished industry leaders, esteemed investors, and innovative startups, fostering a dynamic platform for knowledge exchange, networking, and investment opportunities.

The event kicked off with opening remarks by Dr. Ravi Gupta, Founder & CEO of Elets Group LLC., setting the tone for a day filled with insightful discussions and exciting pitches.

H.E. Dawood Al Shezawi, President, AIM Global Foundation, delivered a compelling keynote address, emphasising the significance of global collaboration and innovation in the startup ecosystem.

The event witnessed the launch of two stellar initiatives of Elets – Elets Accelerator and Investment Podcast, with the inauguration done by H.E. Dawood Al Shezawi, President, AIM Global Foundation, and Ghanim Alfalasi, Senior Vice President, Technology & Entrepreneurship, Dubai Silicon Oasis (DSO).

Elets also launched a new magazine “Elets Wealth Insights” at the summit.

Ghanim Alfalasi, H.E. Dawood Al Shezawi, and Dr. Ravi Gupta engaged in a thought-provoking panel discussion on “Evolving Startup Ecosystem, Investment Landscape & Opportunities”, shedding light on the potential opportunities for growth.

Throughout the day, innovative startups presented their ideas during engaging pitch sessions, featuring companies such as Revent, Aluplex India Pvt. Ltd., Astragene, Super Click, Machfox, Sabka Dentist, Markets2Home, GOTD, Rovelens, Nafre, Creative 3D Technologies, Inc., Loya Legal, Butterfly Preschool, and Project Funding.

The event presented an impressive lineup of investors committed to supporting the entrepreneurial ecosystem. The team included:

• Lloyd Cardoza, Investment Manager, Mubadala Health (M42)
Shafaat Hashmi, Chairman, Stalliongates Investments (Private Equity)
• Dr. Mustafa Saasa, Chairman, Raj Group of Companies (Family Office)
• Andrew Hammond, Regional Director and Partner, Beaufort Private Equity (Private Equity)
• Hussein Tantawi, Senior Executive Officer, ICEBERG Capital (Private Equity)
• Vish Narain, Managing Partner, Pulsar Capital (Venture Capital)
• Ashish Goel, Regional Partner & Head – Middle East, Thinkuvate (Venture Capital)
• Pranav Sharma, Founding Partner, Woodstock Fund (Venture Capital)
•
• Piyush Surana, VP – Strategy and Investments, Gulf Islamic Investments (GII)
• Vikash Sharma, Founder, IC1101 Capital

A distinguished jury, comprising industry leaders and experts, evaluated the participating startups and provide valuable insights. The team included:

• H.E. Dawood Al Shezawi, President, AIM Global Foundation
• Ghanim Alfalasi, Senior Vice President – Technology & Entrepreneurship, Dubai Silicon Oasis (DSO)
• Mohammed Al Aidroos, Founder, Al Aidroos Group
• Sophia Moulin, Executive Director – Investor Relations, Siera Global Investments
• Olivier Crespin, Four-time Bank Builder
• Dr. Ravi Gupa, Founder & CEO, Elets Technomedia LLC

Vivek Kumar, the founder of Venture Garage, joined as – at the event, bridging the gap between startups and strategic investments.

The event was made possible in partnership with esteemed organisations such as IC1101 Inc, In5, AIM, Hub71, SweNetic, and Dubai Silicon Oasis Authority. Some esteemed government organisations such as the Ministry of Electronics and Information Technology, National eGovernance Division (NeGD), Digital India, Mumbai Metropolitan Region Development Authority (MMRDA), Kerala State Electronics Development Corporation Ltd, Kochi Metro Rail Limited, StartinUP and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), Government of Uttar Pradesh also joined as supporting partners.

The event concluded with investment announcements, marking the successful culmination of a day filled with innovation, collaboration, and promising opportunities.

AICTE launches ‘Approval Process Handbook’ for 2024-27

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December 7, 2023

AICTE has launched the ‘Approval Process Handbook’ for the years 2024-27 at the PIB Conference Hall in New Delhi. Prof. T.G. Sitharam, Chairman, All India Council for Technical Education (AICTE); Dr. Abhay Jere, Vice Chairman, AICTE were present for the official launch. Shamima Siddiqui, Additional Director General, Press Information Bureau, presented the introductory remarks.

Prof. Sitharam stated that the AICTE has developed an Approval Process Handbook that will be in effect for the ensuing three years. The handbook goes into detail about the procedures that educational institutions must adhere to when requesting council approval to offer technical and management courses and programs. Prof. Sitharam also discussed the new sections and changes made to the Approval Process Handbook this year, emphasizing the importance of education quality, process simplification, and implementation transparency.

Additionally, he mentioned that AICTE had made the new APH draft available to the public for the first time in order to get input and suggestions from a range of experts and stakeholders. Various stakeholders submitted more than 600 comments and suggestions, which were assessed by a committee of experts. A large number of the suggestions were included in the final draft.

The latest amendments introduced in the All India Council for Technical Education (AICTE) Approval Process Handbook (APH) signify a significant stride in the realm of education. These changes encompass various aspects of academic institutions, aiming to foster quality and innovation. Notably, institutions exhibiting exceptional performance now have the provision to extend their approval for up to three years, while the intake limits for courses in such institutions have been made more flexible, subject to meeting specific quality benchmarks. Streamlining processes, there are reduced compliances regarding land documents and affiliations.

Furthermore, the inclusion of undergraduate programs in Computer Applications and Management under AICTE’s purview ensures coordinated development. Additionally, working professionals can now upgrade their skills through flexible academic offerings. Institutions seeking facilities enhancement have a hibernation provision, while the APH offers more clarity on the approval process for Open and Distance Learning (ODL)/Online Learning (OL). The emphasis on innovation is evident through the INDOVATION program and the establishment of Innovation Councils on campuses, all contributing to the advancement of education in India.

Elets Spark Stage: Dubai Gears Up for the Ultimate Investment and Startup Extravaganza on 7th December

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December 6, 2023

Elets Group LLC., a leading global technology and media research organisation, is set to host the Elets Spark Stage: Investment Summit & Startup Pitch on 7th December 2023 in collaboration with the Dubai Department of Economy and Tourism. The event will be a dynamic confluence of prominent industry leaders, esteemed investors, and innovative startups at Radisson RED Dubai Silicon Oasis, creating an unparalleled platform for knowledge exchange, networking, and investment opportunities.

The day will commence with the Founder & CEO of Elets Group LLC., Dr. Ravi Gupta, delivering insightful opening remarks, setting the tone for discussions on the ever-evolving startup landscape. Following this, H.E. Dawood Al Shezawi, President of AIM Global Foundation, will deliver a keynote speech, providing valuable insights into the dynamic investment landscape.

Launch of New Initiatives

The event will witness the launch of two initiatives: The Elets Startup Accelerator and the Startup-Investor Podcast. H.E. Dawood Al Shezawi, President, AIM Global Foundation, and Ghanim Alfalasi, Senior Vice President of Technology & Entrepreneurship, Dubai Silicon Oasis (DSO), will do the honours of launching these exciting new initiatives.

Additionally, the Elets Wealth Insights Magazine will be unveiled and officially launched during the event.

Panel Discussion

A key segment of the summit will be the Panel Discussion featuring Ghanim Alfalasi, H.E. Dawood Al Shezawi, and representatives from Dubai Economy & Tourism (DED). Moderated by Dr. Ravi Gupta, the discussion will delve into the evolving startup ecosystem, investment landscape, and opportunities, exploring avenues to drive innovation.

Startup Pitch Sessions

In a bid to catalyze collaboration, innovation, and investment opportunities for budding ventures in today’s competitive business landscape, the event is set to host enthralling Startup Pitch Sessions. These sessions are strategically designed to provide a platform for startups to showcase their potential for funding and partnerships.

A series of captivating live startup pitches featuring promising ventures from diverse sectors will captivate the audience.

Beyond the pitches, the event will offer a valuable networking opportunity for attendees, facilitating connections and discussions that could pave the way for meaningful collaborations.

The event is in partnership with esteemed organisations such as IC1101 Inc, In5, AIM, Hub71, SweNetic, and Dubai Silicon Oasis Authority. Some esteemed government organisations such as the Ministry of Electronics and Information Technology, National eGovernance Division (NeGD), Digital India, Mumbai Metropolitan Region Development Authority (MMRDA), Kerala State Electronics Development Corporation Ltd, Kochi Metro Rail Limited, StartinUP and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), Government of Uttar Pradesh have joined the event as supporting partners.

Investors on Board

The event boasts an impressive lineup of investors committed to supporting the entrepreneurial ecosystem:

Lloyd Cardoza, Investment Manager, Mubadala Health (M42)
Shafaat Hashmi, Chairman, Stalliongates Investments (Private Equity)
Dr. Mustafa Saasa, Chairman, Raj Group of Companies (Family Office)
Andrew Hammond, Regional Director and Partner, Beaufort Private Equity (Private Equity)
Hussein Tantawi, Senior Executive Officer, ICEBERG Capital (Private Equity)
Vish Narain, Managing Partner, Pulsar Capital (Venture Capital)
Ashish Goel, Regional Partner & Head – Middle East, Thinkuvate (Venture Capital)
Pranav Sharma, Founding Partner, Woodstock Fund (Venture Capital)
Piyush Surana, VP – Strategy and Investments, Gulf Islamic Investments (GII)
Vikash Sharma, Founder, IC1101 Capital

Jury Team

A distinguished jury, comprising industry leaders and experts, will evaluate the participating startups and provide valuable insights:

H.E. Dawood Al Shezawi, President, AIM Global Foundation
Ghanim Alfalasi, Senior Vice President – Technology & Entrepreneurship, Dubai Silicon Oasis (DSO)
Mohammed Al Aidroos, Founder, Al Aidroos Group
Sophia Moulin, Executive Director – Investor Relations, Siera Global Investments
Olivier Crespin, Four-time Bank Builder
Dr. Ravi Gupa, Founder & CEO, Elets Technomedia LLC

Elets is committed to ensure a personalised and mutually beneficial funding experience for both startups and investors. Vivek Kumar, the founder of Venture Garage, will be the deal-maker at the event, bridging the gap between startups and strategic investments.

The day will conclude with noteworthy investment decisions.

Visit our website: https://events.eletsonline.com/spark-stage/

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