Quess Corp, India's leading business services provider, today announced that it has signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC), the apex skill development organization under the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India. The MoU aims to enhance the employability of Indian youth by leveraging Quess' and NSDC's vast network of training providers and job seekers.
Under the MoU,Qjobs, a blue-collar platform of Billion Careers Private Limited (BCPL), a wholly-owned subsidiary of Quess Corp Limited, will partner with JobsX of NSDC. Quess will integrate its job platform, Qjobs, with NSDC's JobX platform to facilitate the daily listing of active jobs, providing a broader range of employment opportunities for NSDC's registered candidates. Quess will also offer employability enhancement programs, including career counseling, employability enhancement courses, and employability tests, to candidates redirected from the NSDC JobX platform. These programs will assist candidates in refining their skills and developing the competencies required to secure employment in their chosen field.
In addition to job facilitation, Quess will also closely collaborate with NSDC in conducting industry studies and surveys. These studies will help better comprehend the skill development and employment trends, thereby providing valuable insights to employers and policymakers. It will enable them to align skill development programs with the dynamic industry needs, thus ensuring a better employment rate.
Commenting on the partnership, Lohit Bhatia, President of Workforce Management, Quess Corp, said, "This partnership with NSDC is a testament to our commitment to driving meaningful change in the employment landscape. Through this MoU, we aim to leverage our technology, network, and expertise to bridge the gap between the demand and supply of skilled workforce in the country. This heralds the start of a collaboration that will not only empower the job seekers and enrich their opportunities but will also add to the dynamism of the Indian job market through the various initiatives envisaged in this agreement with NSDC."
Lauding the initiative, Ved Mani Tiwari, CEO, NSDC and MD, NSDC International said, "As India grapples with ever-changing global dynamics and seeks to harness its demographic advantage, the National Skill Development Corporation (NSDC) plays a pivotal role in propelling employment opportunities across India by focusing on skill development initiatives. By collaborating with private businesses, NSDC designs and implements training programs that equip individuals with the necessary skills demanded by the evolving job market. The organization's commitment to driving skill development has a cascading effect, positively influencing economic growth and enhancing the employability of millions across diverse sectors in India. Hon'ble Minister of Education and Skill Development and Entrepreneurship Dharmendra Pradhan, recently underscored a noteworthy shift in India's unemployment rate, reducing to 3.2% from 6% in 2017, while concurrently welcoming an additional 1.5 crore citizens to the skilling ecosystem in 2022-23."
Moreover, Quess will support NSDC in mobilizing local employers to participate in Job Fairs organized by NSDC. This will enable the candidates to directly interact with the employers, understand the job requirements, and apply for the jobs that suit their skills and competencies.
Shares of Quess Corp Limited was last trading in BSE at Rs. 492.65 as compared to the previous close of Rs. 493.25. The total number of shares traded during the day was 56630 in over 2824 trades.
The stock hit an intraday high of Rs. 501.25 and intraday low of 490.30. The net turnover during the day was Rs. 28093926.00.