Infosys Foundation Earmarks ₹33 Cr To Skill 48,000 Youth In Rural India

Infosys Foundation, the philanthropic arm of Infosys, has pledged a large sum to boost rural youth employment in India. 

What Happened: The foundation has signed a memorandum of understanding (MoU) with the ICT Academy of Tamil Nadu, pledging ₹33 crore to train 48,000 students in engineering, arts and science over the next three years, the company said on Wednesday.

The initiative will establish "centers of excellence for women and youth empowerment" in over 450 colleges across India, providing both online and offline training and job placement aid.

It will make use of Infosys' digital learning platform, Infosys Springboard, to enhance accessibility to learning and skill development for students. The curriculum will encompass 80 hours of core skills training, 20 hours dedicated to soft skills, alongside activities such as youth empowerment summits and coding practice for practical challenges.

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Sumit Virmani, Trustee of Infosys Foundation, said, “Through our collaboration with the ICT Academy, we will equip young leaners in rural India with essential technical and soft skills, consequently improving their industry-readiness and employability in today's dynamic talent landscape." 

V Srikanth, CEO of ICT Academy, highlighted the high demand for a workforce skilled in advanced IT, KPO, BFSI, Retail, e-commerce and logistics. He expressed pride in the collaboration with Infosys Foundation.

Price Action: Shares of Infosys were up 0.36% at ₹1,626.95 during mid-day trading on Wednesday.

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