On February 19, 2018, India's Prime Minister Narendra Modi unveiled a new educational program called "FutureSkills," which was created by the National Association of Software and Services Companies (NASSCOM) and will be dedicated to providing the most up-to-date training for technical skills.
The reveal of the FutureSkills program coincides the signing of a memorandum of understanding (MoU) between NASSCOM and the Ministry of Electronics and Information Technology (MeitY), the goal of which is to "collaboratively foster, cultivate and strengthen reskilling initiatives."
Ravi Shankar Prasad, minister of Law & Justice and Electronics & IT, commented on the MoU, saying, "Digital empowerment can only happen if there is digital inclusion. With the advent of new technologies like AI, Blockchain and IoT, reskilling of young professionals is critical."
Prasad went on to say:
"I'm pleased that NASSCOM has come up with this unique platform for skilling and reskilling young people where my department and team will provide [a] lot of support and assistance. It is all about teamwork where government and private sector leaders and organisations like NASSCOM need to come together and contribute towards digital inclusion."
The effort was praised by Modi, who acknowledged the need to bring new skills and jobs to India. Blockchain technology has been widely heralded as a disruptor to the status quo, and India will be well served to meet the growing demand for technically savvy professionals.
"Across the whole spectrum of the industry, skill profiles are undergoing rapid changes witnessing a rising demand for enhanced digital capabilities. With this growing need we are confident that the 'FutureSkills' platform will not only help re-engineer education and but also create employment prospects. Also, the MoU we signed today is a momentous milestone in industry and government's collaborative initiatives to build sustainable talent for the industry," said NASSCOM's president, R. Chandrashekhar.
Indian authorities have recently seen fit to tap cryptocurrency traders for tax purposes, and there have been endeavors by the regional governments of Maharashtra, Telangana, and Andhra Pradesh to harness the power of blockchain-backed systems for various pilots, including data storage, land deed records, and vehicle titles.