Mr. Mohandas Pai, Chairman of Aarin Capital delivering the keynote address 

 

 

127 million people will require skill training by 2022

 

  • ‘Sustainable Livelihood Report’ mapping the Funding Landscape in India launched at AVPN India Summit
  • 127 million people will require skill training by 2022 with the rise in unemployment, finds the study

New Delhi,  :Following its maiden India Policy Forum yesterday, AVPN hosted its 2nd India Summit in the capital today.This day-long conference was kickstarted with a keynote address by Mr. Mohandas Pai, Chairman, Aarin Capital.

Delivering his remarks at the AVPN India Summit in New Delhi today, Mr Pai said “Social investment in India should focus on execution and scale of social programs to empower youth and invest in human capital, ensure access to housing, health and education for all, and protect rights of women and children, achieving sustainable development and making India a role model for the world.” He urged social investors to “come forward and invest in the Aspirational Districts program of India for accelerated development of some of the most backward regions of India.”

Addressing the august gathering of social investors that include philanthropists, impact investors and corporations, Naina Subberwal Batra, CEO and Chairperson, AVPN urged the group of funders for urgent action, stating: “The time is now to invest in India’s social programs. It is clear that there is money and there are also quality projects to accelerate sustainable development so we must increase the amount of capital that is being put into these projects – we cannot wait.”

Following this call to action, Batra launched AVPN’s latest resource, a two-part Sustainable Livelihoods Report that highlights thedemand and supply sides of the funding landscape. Alongside research partners, EnnoventIndia and Catalyst Foundation, the report identifies key funding trends and challenges from theinvestors and investees’ perspectives. These findings, in turn, inform potential investors on howthey can leverage opportunities and best practices in the sector.

On the demand side, the findings of the study revealed that with the rise in unemployment, 127 million people will require skill training by 2022. In addition, craftspeople and/or artisans, who are critical to a non-farm rural economy, face an absence of avenues for scaling up their businesses. The study further found that initiating a dialogue on creating mass entrepreneurs can help add over 110 million jobs by 2040. 

Key findings from the study:

  • The agricultural sector suffers from low productivity and poor price realization for farmers: Agriculture employed 64% of the total rural workforce who produced only 39% of the total rural output (in monetary terms) during the year 2011-12
  • The Summit had three plenaries, focusing on ‘Role of Women’s Leadership in Fostering Social Investments’, ‘Challenges & Potential of Innovative Funding Models for Development’ and ‘Human and Intellectual Capital, and the Organisational Advantage’. The Summit saw the participation of speakers from a diverse range of organizations focused on four themes: Livelihoods, Nutrition, Education and Climate Change. Among several others, there were philanthropists and funding organisations like Ford Foundation, Childfund India, Michael & Susan Dell Foundation, Credit Suisse, Ajooni Impact Investment Advisors Private Ltd.; NGOs including CRY, Global Alliance for Improved Nutrition, Educate Girls, Pratham Education Foundation, Global Health Strategies, Save The Children; and other organizations such as National Foundation of India, Dewan Housing Finance Corporation Ltd., American India Foundation, Shakti Sustainable Energy Foundation, Magic Bus Foundation and Cisco Systems.
  • In the concluding Deal Share Live session, four non-profit organisations were chosen to pitch in front of more than 250 delegates at the Summit. These organizations are working in diverse fields from health and nutrition, to jobs and skilling, and education - Global Alliance for Improved Nutrition (GAIN), Agrasar, Sasha, and Action Related to the Organisation of Education, Health and Nutrition (AROEHAN).