Everonn Education signs JV with National Skill Dev Corp
Shares of learning solutions provider Everonn Education jumped over 10% after it signed a joint venture agreement with National Skill Development Corp to provide vocational training to students across the country. The National Skill Development Corp, which was set up by the federal government in 2008, works on a public-private partnership model and aims to promote skill development in the country by building vocational training institutes. "The mandate is to train 15 million students at a fee cost of 14,000-18,000 rupees per student," a company source, who did not wish to be identified, told Reuters. The source did not disclose the period over which the joint venture would undertake this. The firm has called a media briefing on Monday to make a formal announcement. In India only about 5% of students have access to any vocational training as compared to about 60% in developed countries. Indian education companies are making a big foray into the skill development or vocational ...