Skill Development

In an address that blended motivation with pragmatic business wisdom, industrialist Sudhir Mehta called on graduating students to cultivate self-reliance, resilience, and the courage to think beyond conventional boundaries. Emphasizing India’s evolving economic landscape, Mehta encouraged young professionals to develop skills that align with global standards while contributing meaningfully to the nation’s growth trajectory. He highlighted the importance of innovation, integrity, and long-term vision as essential attributes for future leaders.

FedEx has entered into a strategic partnership with Gati Shakti–aligned institutions to advance logistics education and skill development across India. The collaboration aims to equip the next generation of supply-chain professionals with industry-relevant expertise, as the country accelerates infrastructure expansion under the Gati Shakti initiative. Through curated training modules, hands-on learning, and knowledge-sharing platforms, the two entities plan to bridge the gap between academic curricula and real-world logistics demands.

A new survey reveals a significant shift in the financial behavior of young Indians, who are increasingly relying on credit to fund professional upskilling and educational pursuits. With career advancement becoming closely tied to specialized skills and digital literacy, millennials and Gen Z professionals are viewing education not just as an expense, but as an investment in long-term employability.

The Indian Institute of Mass Communication (IIMC) has partnered with the Government of Assam to drive entrepreneurial growth and innovation across the Northeast. This collaboration seeks to nurture startups, enhance skill development, and promote media and communication-based entrepreneurship in one of India’s most promising yet underexplored regions. The initiative aligns with India’s broader agenda of regional economic inclusion and startup-led development.

The Uttar Pradesh government has announced plans to establish a State Cooperative College aimed at enhancing education, training, and capacity building within the cooperative sector. The initiative seeks to develop skilled professionals equipped to manage cooperative societies effectively, fostering financial inclusion, rural development, and sustainable enterprise growth. By providing specialized programs, the college will offer both theoretical knowledge and practical exposure, bridging gaps in governance, management, and regulatory compliance.

The Institute of Chartered Accountants of India (ICAI) has announced plans to establish a Centre of Excellence in Jammu and Kashmir, a move aimed at strengthening professional education, fostering skill development, and creating new opportunities for local youth. The initiative seeks to provide world-class training facilities, research support, and professional guidance in accounting and finance.

NIIT Ltd. reported a significant year-on-year decline in net profit for the first quarter of FY2025, despite registering a slight increase in revenue. The company’s net profit fell sharply by 44% to Rs. 17.7 crore, compared to Rs. 31.6 crore during the same period last year. Meanwhile, revenue grew modestly by 2% to Rs. 434.4 crore, up from Rs. 426.3 crore. The results highlight mounting operational pressures and a shift in the company’s cost structure.

The New Age Makers Institute of Technology (NAMTECH), backed by the ArcelorMittal Nippon Steel India (AM/NS India) initiative, has partnered with seven prominent academic institutions in Northeast India to deliver cutting-edge skilling programs in advanced manufacturing. This strategic collaboration aims to bridge the gap between academic learning and industry requirements by focusing on Industry 4.0 technologies, including robotics, AI, mechatronics, and automation.

In a decisive move to future-proof its global talent, EY has launched an ambitious AI Academy aimed at upskilling over 100,000 professionals in generative AI. The initiative underscores the growing significance of AI literacy in today’s business landscape and EY’s intent to integrate advanced AI capabilities across its consulting and assurance services. By fostering a culture of technological fluency, the firm hopes to drive innovation, enhance operational efficiency, and deliver deeper insights to clients.

A comprehensive capacity building program has been launched to enhance the strategic and operational capabilities of Chairmen and Managing Directors (CMDs) along with functional directors of Central Public Sector Enterprises (CPSEs). Designed to equip top leadership with advanced insights into governance, risk management, and evolving global business dynamics, this initiative reflects a broader governmental commitment to modernize and professionalize public sector management.