Press Releases

CREDAI Hosts the Convocation Ceremony of Skill Training for Construction Workers Supported by PNB Housing Finance Limited

Wed, 2016-Sep-14 03:31 —

Confederation of Real Estate Developer's Associations of India (CREDAI) Chennai hosted the Convocation Ceremony of the first batch of Skilling for Construction Workers. CREDAI conducted the program at Isha Homes (India) Private Limited and Olympia Tech Park Private Limited sites through its training partner Rustomjee Academy for Global Skill (RAGC). The training program was supported by PNB Housing Finance Limited (PNBHFL) under its CSR initiative. Under this program 54 trainees were trained at two sites. 72% of the workers who appeared for the assessment passed.

This is a part of a large Pan India initiative undertaken by CREDAI to skill the construction workers. According to KPMG report for the National Skill Development Corporation (NSDC), the Real Estate and Construction Sector alone needs 500 lakh additional skilled manpower over the next 10 years. Given the shortage of Skilled manpower in the industry on the one hand and high levels of Unemployment in the country on the other, the need for focusing on Skill Development programs cannot be over emphasized. It is in this background that CREDAI is focusing on Skill Development in the Construction and related sectors in a big way. CREDAI’s skills development program is aimed at mobilizing large number of workers to take up skills training, become employable and earn better livelihood. With a mix of ‘on-site and classroom training’, the program is designed to develop technical and soft skills that enhance productivity and quality. The trainings have helped the construction workers to gain a fair degree of self-confidence. 

Speaking on the event, Mr. Suresh Krishn, President, CREDAI Chennai said “CREDAI aims to build a foundation of skills that enhances quality output in the construction sector. We are thankful to PNB Housing for entrusting CREDAI’s capabilities and partnering with us in such benevolent initiative of Skilling Construction Workers. We congratulate the graduates who have successfully passed the training program and hope that the training would help them in getting better livelihood.” 

Established in 1999, The Confederation of Real Estate Developers’ Association of India better known as CREDAI is the apex body for private real estate developers in India, representing over 11,500 developers through 23 states and 164 city chapters across the country. CREDAI has organized the industry and is accepted as trusted partner with Government representatives, policy makers, investors, finance companies and consumers. 

About PNB Housing Finance Limited  

PNB Housing is the 5th largest housing finance company of the country. A subsidiary of Punjab National Bank in partnership with Quality Holding Investments (owned by Carlyle group), it continues to set an example in the housing finance sector as one of the most successful housing finance companies under a PPP model. The Company’s target operating model is based on Hub and Spoke and has a strong nationwide presence with hubs and branches at various prominent locations.