Shri Manish Kumar, Managing Director & CEO, National Skill Development Corporation (NSDC), while on an invited visited to the Indian Institute of Corporate Affairs (IICA) yesterday, mentioned the “areas of synergy” and “common grounds” that both the organisations can identify for working together. He further said that the two organisations can collaborate in areas including but not limited to MSME, Corporate Governance, CSR, Business Innovation, E Governance and Corporate Communication. He also gave a detailed account of NSDC’s mandate as well as delivery mechanisms. The present visit was aimed at exploring synergy and partnership between the two institutions, which in turn, would lead to effective collaborative work.

Speaking on the occasion, Shri Sunil Arora, DG & CEO, IICA reiterated the possibility of both the organisations working together covering several domains. Highlighting the need for a close coordination and regular interaction, Shri Arora suggested that teams from both organisations should work towards closing a MoU within a specified period of time. He further articulated that areas of CSR, skill, entrepreneurship, innovation, MSMEs provided ample opportunity to both the organizations to bring together mutual synergies and contribute to policy priorities of the Government.

Indian Institute of Corporate Affairs (IICA) is an autonomous organisation working under the aegis of the Ministry of Corporate Affairs. Set up as the premier organisation that aims at providing astute and credible intellectual leadership in corporate regulation, governance and running sustainable businesses, IICA is a capacity development and service delivery institute. The institute works through a network of Schools and Centres based in its campus at Manesar in Haryana.

The National Skill Development Corporation, (NSDC) is a unique Public Private Partnership in India, working under the Ministry of Skill Development & Entrepreneurship. It aims to promote skill development by catalysing creation of large, quality, for-profit vocational institutions. NSDC provides funding to build scalable, for-profit vocational training initiatives. Its mandate is also to enable support systems such as quality assurance, information systems and train the trainer academies either directly or through partnerships.

Institutional collaboration on skills and CSR to establish an MoU and joint programmes advancing MSME, governance and entrepreneurship. IICA and NSDC propose to formalise cooperation through a Memorandum of Understanding, coordinating teams to deliver joint programmes in skills development, CSR, entrepreneurship, innovation, MSME support, corporate governance, e governance and corporate communication, aligning IICA's capacity building and policy advisory role with NSDC's mandate to catalyse scalable vocational training, quality assurance and trainer academies through public-private delivery mechanisms.