Virtual Global Skills Summit

Why in the News?

The first Virtual Global Skill Summit was organised by the Ministry of External Affairs (MEA), Ministry of Commerce and Industry (MoCI), Ministry of Education (MoE), and Ministry of Skill Development and Entrepreneurship (MSDE).

Key Points:

About the Summit:

• Indian Ambassadors representing India Missions from ten different countries attended the Summit.
• Aim:  To facilitate overseas mobility of the skilled workforce from India. 
  • Summit aimed at institutionalizing a robust mechanism for the exchange of information on skill requirements of countries and skill availability in India. 
  • It will align with the Prime Minister’s 3T strategy which focuses on Trade, Tourism, and Technology.

• Benefits for India:

• • India has huge potential to meet the global demand for a skilled workforce.
  • In the digital economy and industrial revolution 4.0, India has become a natural leader.
  • With high-quality and new-age skills, India has the potential to be the skill capital of the world.

Challenges: 

• Inadequate infrastructure facilities for skill development

• Creating robust policy framework

• Benchmarking with global standards 
• Ensuring social security for Indian skilled professionals abroad.

News Source: The Economic Times