Mumbai, June 3, 2019: Ambuja Cement Foundation, a grassroots pan-India implementing organisation and AU Small Finance Bank, one of the fastest growing retail banks in India have signed a Memorandum of Understanding (MoU) to establish a Skill Training Institute by the name of ‘AU Skills Academy’ in Jaipur district. This partnership aims at empowering the youth between the age of 18 and 35 years by helping them gain employment and entrepreneurship opportunities through a variety of vocational skill training courses in the field of Retail Sales, Office Assistance, Customer Relationship Management (CRM) and Hospitality & Tourism.
For over a decade, Ambuja Cement Foundation has helped upskill young individuals through 29 of its Skill and Entrepreneurship Development Institutes (SEDI) across ten States of India. Till date, the organisation has trained more than 45,000 rural yougsters, with a placement rate of 75 percent.
Commenting on this partnership, Pearl Tiwari, Director and CEO, Ambuja Cement Foundation, said, “In order to bridge the skill gap in our economy, it is important to enable youth with skill training opportunities, thereby equipping them for jobs as well as self-employment. At Ambuja Cement Foundation, we are proud to have created a strong skill training module, keeping in mind the industry requirements that can easily be adopted by other educators and organizations too. We are delighted to partner with AU Small Finance Bank and hope to build many more skilling centres in the near future.”
Manoj Tibrewal, Group Head, AU Small Finance Bank, said, “Through our community centric initiatives, we focus our efforts towards enhancing the social and economic well being of the society that we operate in. Through our partnership with Ambuja Cement Foundation, we aim to provide quality training to the youth along with placement opportunities, which will help them enhance their livelihoods.”
Last year in September, these two organisations developed a SEDI centre in Jaipur to impart vocational training in the field of banking and finance to the youth from nearby villages. In its first batch, a total of 50 students had enrolled for the programme. The success of this programme and the demand for trained youth from the industry has given birth to this new initiative – AU Skills Academy. By May 2020, the organisation has committed to provide support and training to 1,130 youth ensuring employment to at least 75 percent of the trained youngsters to secure a brighter future for them.