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BOI to address ‘dearth’ of human capital

15 Sep 2022

 
  • Partners with NAITA to upskill school-leavers 
The Board of Investment (BOI) recently collaborated with the National Apprentice and Industrial Training Authority (NAITA) to address the dearth of human capital at the level of technical skills, which, it stated, has been a challenge for industries over a period of time.   The enterprises at the Horana Export Processing Zone (EPZ) had encountered a shortage of electricians, welders, plumbers, fitters, etc., needed for the operation of the factories. This very factor prompted the BOI to team up with the NAITA, where they agreed to provide necessary skills, expertise, and training to school leavers so that the scarcity of the workforce can be mitigated. Commenting on the initiative, BOI Chairman Raja Edirisuriya stated: “This initiative not only creates new human capital in BOI enterprises, but also addresses the national requirement of shortage of technically skilled human capital." On top of that, the apprentices will be absorbed into relevant companies and factories upon the completion of the training, as per the requirement of the enterprises. "Upon completion, students are awarded the National Vocational Qualification (NVQ) certificate, which will help them go up to degree level. Thus, I firmly request the students to make use of this opportunity, to develop their skills and find the ideal career path,” he emphasised. This move will not be confined to the Horana EPZ, but will be extended to other zones as well. The BOI is of the opinion that the new initiative will vastly help students mould themselves and find the ideal career path. “Moreover, the Senior Deputy Director of the Horana EPZ and his staff deserve kudos for making this initiative happen alongside the NAITA. Also, let me extend my gratitude to the officials of the NAITA for going the extra mile to help these students. Last but not least, an institution like NAITA has much to bring to the table in terms of empowering and upskilling the youth of the country,” Edirisuriya added. The launch of this initiative was held recently at the Horana EPZ, where a group of 22 school leavers living in the vicinity of the Horana area commenced their training. Meanwhile, BOI Director General Renuka M. Weerakone stated that this initiative is another step forward in the BOI’s contribution to social upliftment. "This worthy cause will also prevent students from migrating due to unemployment, because we have set the tone for them to grow and brush up on their hidden skills. We are also pleased to witness the happy faces of the parents who now feel secure and buoyant about the future of their children, who have joined the training programme. Hence, we look forward to expanding this initiative to other zones as well,” she concluded.    


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