Pembangunan Sumber Manusia Berhad (PSMB), an arm of the Malaysia Ministry of Human Resource, signed a MoU with Entrepreneurship Development Institute of India (EDII), India in the presence of The Honourable Prime Minister of India, Shri Narendra Modi and Honourable Dato Sri Mohammad Najib Bin Tun Abdul Razak, Prime Minister of Malaysia.
PSMB has a mandate by the Government of Malaysia to implement strategic initiatives to empower the quality and employability of the Malaysian human capital to support the Malaysia aspiration of a 35 per cent skilled Malaysian workforce by the year 2020 while creating job opportunities to the locals.
Through the collaboration, PSMB will use the expertise of EDII in the field of education, training, research and institution building to enhance PSMB’s trainers in delivering comprehensive and high-quality trainings under PSMB’s programmes for up-skilling and reskilling Malaysian women, low household income community and youth. PSMB and EDII will work together in the areas of skill development, reskilling, entrepreneurship development, capacity building, raining and methodology, content development, consulting and research. The first activity after signing the MoU would be to train close to 100 youths in entrepreneurship through classroom training, simulation exercises and field exposure.
The initiative by the Malaysian Government to equip, develop and assist unemployed graduates and school leavers with high-end skills and competencies, that are required by the industries and which enhance their future employability, is open to all Malaysian graduates who have successfully acquired their Diplomas, Degrees or equivalent; and school-leavers.
Says, Dato’ CM Vignaesvaran Jeyandran, Chief Executive, the Human Resources Development Fund, “PSMB and EDII share the same objective of enriching the knowledge of the national human capital and to elevate the business capabilities of the Small and Medium Enterprises (SMEs) to increase national economic growth. With EDII’s experience and expertise at national and international levels in education, training, research and institution building, it makes for a good partnership. PSMB is always on the lookout for opportunities to further enhance Malaysia human capital development module through collaborations and benchmarking. EDII will work closely with PSMB’s initiative of skill development as a facilitator for boosting the economic power of Malaysia.”
“We are immensely delighted and proud to join hands with PSMB,” said Dr. Sunil Shukla, Director EDII. “The partnership is an example of how countries can work together to create job opportunities for the youth, and participate in global sustainable development goals,” he added.
PSMB is an agency under the Ministry of Human Resource Development and encourages employers covered under the Pembangunan Sumber Manusia Berhad Act 2001 (PSMB Act 2001) to retain and upgrade the skills of their employees, apprentices and trainees in line with their business needs and the development strategy of the country.
About The Human Resources Development Fund (HRDF)
The Human Resources Development Fund (HRDF), a dynamic organisation under the Human Resources Ministry governed by the Pembangunan Sumber Manusia Berhad Act 2001 (PSMB Act 2001), has a mandate by the Malaysian Government to catalyse the development of a competent local workforce that will contribute to Malaysia’s vision of becoming a high-income economy.
About Entrepreneurship Development Institute of India (EDII)
Entrepreneurship Development Institute of India (EDII) is a not-for-profit sponsored by IDBI Bank Ltd, IFCI Ltd, ICICI Bank Ltd and State Bank of India, set up in 1983 is recognised as an international resource centre facilitating various facets of skill and entrepreneurship development. It has development centres across India, as well as outside India. In recognition of its international achievements, the United Nations Economic and Political Commission for Asia and the Pacific (UN-ESCAP), has declared EDII as a Centre of Excellence.
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