Nalco to spend 5% of CSR money for skill development

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The National Aluminium Co. Ltd (Nalco), a central public sector enterprise, on Thursday signed an agreement with the skill development ministry to spend 5% of its corporate scocial responsibility (CSR) corpus on vocational training.
Odisha-based Nalco will also open its facilities, provide unused equipment and lend its expertise to promote skill development. It will allow its current and retired employees to implement skill-development projects.
The move is in sync with the skill ministry’s aim to rope in state-owned companies for skill-development activities and utilise their unused assets for an asset-light model of vocational training in the country.
After signing an agreement with ministry controlled National Skill Development Corp. (NSDC), Nalco chairman and managing director Tapan Kumar Chand asserted his compnay’s commitment to the skill development mission.
Nalco is committed to play a part in lending its expertise in mining and related sectors, and also financial support to the Skill India Mission. Nalco is also committed to the Skill India Mission over the long term and we look forward to working with NSDC as a valuable partner in this endeavour,” he said.
The company may also mentor three specialised skill centres in Odisha. Skill development secretary Rohit Nandan said the agreemnt is “in line with the ministry’s vision of playing an enabling role through partnerships with central ministries, state skill missions, and all other stakeholders in the skilling ecosystem”.
The ministry has already tied up with other public sector enterprises like SAIL, Coal India and Indian Railways for better implementation of Skill India Mission.

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