NIIT shines on inking MoU with NASSCOM Sector Skills Council

NIIT is currently trading at Rs. 31.60, up by 0.85 points or 2.76% from its previous closing of Rs. 30.75 on the BSE.

The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 32.30 and Rs. 31.00 respectively. So far 4, 49,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 56.25 on 30-Mar-2012 and a 52 week low of Rs. 28.15 on 31-Dec-2012.

Last one week high and low of the scrip stood at Rs. 31.05 and Rs. 28.15 respectively. The current market cap of the company is Rs. 522.00 crore.

The promoters holding in the company stood at 33.06% while Institutions and Non-Institutions held 36.83% and 30.11% respectively.

NIIT and NASSCOM Sector Skills Council (SSC) has signed a Memorandum of Understanding (MoU), for three years, to offer enhanced training programs to students through its training campuses all across the country. The strategic alliance will offer first-of-its-kind training programs that have been designed, developed and endorsed by the industry through two initiatives- FSIT (Foundation Skills in IT) - for engineering graduates and Global Business Foundation Skills (GBFS) - for graduates of all streams.

While FSIT aims to develop foundation skills in IT, GBFS has been specifically designed to meet the needs of the BPO/KPO and the LPO industry. NIIT will leverage its on-campus delivery model - NIIT Careers Campus, designed to enhance employability skill sets of engineering graduates in particular and the overall employability of all graduates in general.

The training program has been designed by IT-ITes Sector Skills Council NASSCOM and the achievement levels are certified through the NAC and NAC-Tech assessments. The collaboration between NASSCOM's IT-ITeS Sector Skills Council (SSC) and NIIT aims to train over 1 lakh students over three years, starting with 30,000 students in the first year.

The programs - FSIT and GBFS, are of duration of 120 hours each and cover topics ranging from technology to soft skills and professional skills and project management. Most of the topics covered are applicable to multiple industries and although all students are eligible to take part in the program, it is best suited for engineering students studying in third year and final year. The industry has invested substantially in the design and development of these programs and these will be continuously updated to keep it current and relevant.