NHIDCL-NSDC tie-up to make India ‘Skill Capital of the world’.

• A MoU has been signed between National Highways Infrastructure Development Corporation Limited (NHIDCL) and National Skill Development Corporation (NSDC) with an objective to make India the ‘Skill Capital of the world’.
• The MoU was signed between Managing Director (MD), NHIDCL and Chief Executive Officer (CEO), NSDC, which is expected to play a significant role in realizing the aims and objectives of Prime Minister’s skill development program.
• The MoU provides a formal basis of interaction between NHIDCL and NSDC.
• The purpose of this MoU is to establish the basis of collaboration between NHIDCL and NSDC, to take up multiple initiatives contributing towards making India the ‘Skill Capital of the World’.

About NSDC:

• National Skill Development Corporation (NSDC) is a not-for-profit public limited company incorporated under section 8 of the Companies Act, 2013.
• NSDC was set up by the Ministry of Finance as a Public Private Partnership (PPP) model.
• The Government of India through Ministry of Skill Development & Entrepreneurship (MSDE) holds 49% of the share capital of NSDC, while the private sector has the balance 51% of the share capital.