The Capital Goods Skill Council (CGSC) is a not-for-profit organization, registered under the Societies Registration Act, 1860. The Council has been promoted by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Department of Heavy Industries (DHI), Government of India, under the aegis of Ministry of Skills Development and Entrepreneurship (MSDE) with financial support by National Skill Development Corporation (NSDC).
The Capital Goods Skill Council (CGSC) is a unique initiative to play a proactive role and bridge the gap by creating a vibrant eco-system for quality training and skill development for the capital goods sector. The CGSC has been designed to bridge the gap between the industry needs to skilled manpower as per competency standards defined by the industry and the training and education system. The supporting organizations include leading industry and industry associations representing both public and private sector.
Capital Goods Sector comprises of plant and machinery, equipment/accessories required for manufacture/production, either directly or indirectly, of goods or for rendering services, including those required for replacement, modernization, technological up-gradation and expansion. It also includes packaging machinery and equipment, refrigeration equipment, power generating sets, equipment and instruments for testing, research and development, quality and pollution control.
Capital Goods sector has a multiplier effect and has bearing on the growth of the user industries as it provides critical input, i.e., machinery and equipment to the remaining sectors covered under the manufacturing activity. The capital goods industry contributes 12% to the total manufacturing activity which translates to about 1.8% of GDP.
The purpose of establishing CGSC is to ensure that the capital goods industry is able to grow with skilled manpower, increase productivity and profitability. CGSC is expected to create a dynamic LMIS to keep track of the labour market skill gaps, frame Occupational Standards, facilitate the development of practical and high-quality training content, ensure adequate availability of faculty through Train The Trainer initiatives, build accreditation and certification mechanisms and encourage capacity building through private sector participation.
The key objective of the CGSC is to create a robust and vibrant eco-system for quality education and skill development in the Capital Goods Sector in the country.
Yantrashilp is the newsletter of the Capital Goods Skill Council (CGSC).