NE NEWS SERVICE
NEW DELHI, MAR 5
Prime Minister Narendra Modi on Wednesday urged all stakeholders to come together and invest in people for skill development, nurturing talent and promoting innovation which are essential for job creation and boosting the economy.
Participating in post-Budget webinar on employment, Modi said the government has provided skill training to 3 crore youth since 2014 and decided to upgrade 1,000 ITIs and set up five centres of excellence.
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He stated that capacity building and talent nurturing act as a foundation stone for national development and in the next phase of growth, greater investment in these sectors is essential.
“The vision of ‘investment in people’ stands on three pillars — education, healthcare, and skill development,” he said adding that today, India’s education system is undergoing a transformation.
He emphasized key initiatives such as the National Education Policy, the expansion of IITs, the integration of technology into the education system, and the utilization of AI’s full potential. Underlying the efforts like the digitization of textbooks and the availability of learning materials in 22 Indian languages, the PM said, “these mission-mode efforts have enabled India’s education system to align with the needs and parameters of the 21st-century world”.
Highlighting that since 2014, the government has provided skill training to over 3 crore youth, the Prime Minister mentioned the upgrade of 1,000 ITIs and the establishment of 5 Centers of Excellence. He emphasized the goal of equipping youth with training that meets the needs of industries. He remarked that with the help of global experts, efforts are being made to ensure that Indian youth can compete at the world level. Modi underlined the critical role of industry and academia in these initiatives and urged industries and educational institutions to understand and fulfill each other’s needs, providing youth with opportunities to adapt to the rapidly changing world, gain exposure, and access platforms for practical learning. Highlighting the launch of the PM-Internship Scheme to provide youth with new opportunities and practical skills, he stressed the importance of ensuring maximum industry participation at every level in this initiative.
“We must ensure that businesses at every scale actively participate in this scheme. In this year’s budget, we announced 10,000 additional medical seats, with a target of adding 75,000 seats in the medical field over the next 5 years,” he said.
Modi also talked about the government’s decision to give infrastructure status to the tourism sector, saying that it will generate jobs for youth.
He urged industry to invest in the health sector and also talked about the potential of medical tourism to create jobs.
“To cater to a larger population, planned urbanisation is essential. We have decided to allocate Rs 1 lakh crore to the Urban Challenge Fund. The private sector, especially the real estate industry, must focus on planned urbanisation,” he said.
The government has given importance to skill development at par with the infrastructure sector, he added.
AI, he said could contribute lakhs of crores to the economy. “In this direction, we have allocated Rs 500 crore for AI-driven education and research in the budget.” He also stated that India will set up National Large Language Model for development of AI capacity.
