• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Aug. 17 Aimed to offset the skill shortage, industry body FICCI has asked the Government to give fiscal support in the form of a ten-year tax holiday and excise waiver for purchase of training equipment to scale up and modernise Industrial Training Centres.

“The Government should offer fiscal support in the form of a 10-year tax holiday, excise waiver for purchase of training equipment and machinery, funding for training for Industrial Training Centres,” a FICCI release said.

Industrial Training Centres in private sector can prove to be a strong catalyst for skill formation and an important conduit to attain the national goal of developing an adequately skilled manpower, it said.

The Government should also address the critical issue of lack of opportunities for upward mobility in the education ladder for Industrial Training Institute (ITI) pass-outs. At present, ITI pass-outs find it difficult to upgrade their qualification to diploma and degree level.

Employment exchanges in the country should be remodelled on the pattern seen in Taiwan, which effectively – under one roof – offer training services, counselling services, employment testing services and employee referral services, the chamber said.

In India, the Apprenticeship Act does not allow the companies to treat apprentices at par with workers. Suitable amendments should be made to remove such bottlenecks.

To give an impetus to the skill-training programme in the country, the Government should take measures to empower the private sector managed Industrial Training Centres through the proposed National Skill Development Corporation.

More Stories on : Taxation | Industry Associations

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line