SKILL DEVELOPMENT STRATEGY AND EMPLOYABILITY OF WORKFORCE IN INDIA (MAKE IN INDIA MOVEMENT)

Abstract

The Make in India initiative announced officially in 25th September 2014, in Vigyan Bhawan, New Delhi, by
our the 15th Prime Minister of India, Mr. Narendra Damodar Das Modi, “Make in India” initiative striving to the
proposal of project of India as the manufacturing center which will powerful instrument of economic development
and growth of India. it objectives to alleviate investment, encourage the invention, heighten skill development, shelter
intellectual property and physique preeminent in class manufacturing infrastructure and transform India into a
manufacturing hub of the international level. It is one of the growth orientate and recently launched initiative which
must be observe the numerous issues that would be influenced in its apposite enactment, entailment and sustainability of
Make in India initiative. Proper implementation of this initiative which encourages the foreign & domestic Industries to
manufacturing in India results employment opportunity is generating in huge capacity. Then there is requirement to
attain skill and knowledge by the Indian labour and forthcoming employees to benefit employability.
Thus research paper study the employability and background for skill development by the effect of Make in
India. It is significant to emphasis on the skills development programme which fulfils the Industry prerequisite by
providing an appropriate Indian labour force to them. In present scenario it gain skill requisite by receiving formal
training only 10% of the workforce. Only 4.3 million of workforces are truly receiving formal training but actual
industrial training prerequisite of the 22 million workforces. “Make in India” project will create a new job opportunities
still there will be greater requirement of skilled labour force. But there is a huge skill gap found due to demand and
supply is mismatch in Indian economy. To lessened down the skill gap between the existing skills and anticipated skills
through the successful execution of “Make in India” initiative along with the various skill development initiatives. The
main purpose of the paper to observe the long term prospective in terms of Skill Development, employment and Income
levels of Indian Workforce trough Make in India initiative.