LSC launches apprentice programme to train 3 lakh youth by 2020

LSC launches apprentice programme to train 3 lakh youth by 2020

November 29, 2017 – The Logistics Skill Council (LSC) has launched the first apprentice programme under the National Apprenticeship Promotion Scheme (NAPS) that will give a big boost by training three lakh youth in the next three years.

“Apprenticeship training is considered to be one of the most efficient ways to develop skilled manpower. It provides for an industry-led, practice-oriented, effective and efficient mode of formal training,” said R Dinesh, chairman, LSC. “Our mission is to develop a skilled talent pool of 28 million workforce in the logistics industry under various sub-sectors through eminent training partners,” he added.

Vijay Kumar Dev, director general of training at the Ministry of Skill Development and Entrepreneurship said that private sector participation is crucial as various industries can train and absorb job aspirants. “The aspirations of youth are rising, and they need jobs. India enjoys demographic dividend, which can turn into a demographic disaster unless their aspirations are met.”

Vineet Agarwal, managing director of TCI said that logistics provide a critical support to the national economy. “India is on a fast growth path with consumer behaviours changing rapidly. The logistics industry is also expected to grow at an annual rate of 10 percent for several years to come. Hence upskilling workforce becomes very important,” he said.

The Indian logistics sector is valued at 150 billion dollars, contributing 14.4 percent to the country’s GDP. It is expected to touch 200 billion dollars by 2020 with the easing of foreign direct investment norms, implementation of the Goods and Services Tax, increasing globalisation, growth of e-commerce, positive changes in regulatory policies, and government initiatives like ‘Sagarmala’ and ‘Make in India.’

It is estimated that the total workforce in logistics sector will increase from current 21 million to over 31 million by year 2022.