Published On: Tue, Jul 26th, 2011

Everonn to invest Rs 700 cr in training centres

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P Kishore

P Kishore, CEO, Everonn Education

Everonn Education has announced that it will invest Rs 700 crore in the next three years to set up training centres in the country. The company is aiming to train 15 million students in India by 2022. Everonn has about 23 development centres across India and aims to increase it to 70 by year-end. This would be increased to 270 centres in the next three years, Everonn Education Ltd managing director P Kishore said.

“We will invest about Rs 700 crore in the next three years for the centres . It also includes setting up of 12 Master Resource Centres (MRCs) across India”, he said after inaugurating the first MRC.

MRCs are being set up through a joint initiative with National Skill Development Council (NSDC) in which Everonn holds majority stake of 74% and the balance with NSDC.

The MRCs are aimed at training trainers on sectors like retail, health care, information and communication technology and construction.

“These trainers (who learn from MRCs) in turn will train many students on these sectors. We are working on a objective that by 2022 about 15 million students will get trained (from the developing centres)”, he said.

He said the company would open three more MRCs in Hyderabad, Bangalore and Ahmedabad this financial year.

“We plan to open 12 Master Resource Centre in three years… the first is being inaugurated today,the second, third and fourth will come in Hyderabad, Bangalore and Ahmedabad (respectively) in this financial year,” he said.

[Source: Livemint]