11 , April , 2023
The National Real Estate Development Council (NAREDCO) has signed a Memorandum of Understanding (MoU) to promote the skill ecosystem and propagate the National Skill Qualification Framework (NSQF) aligned certification to the large section of uncertified construction workers primarily working on the sites of NBCC.
NBCC (India) Limited is organized into three market-focused segments: PMC (Project Management Consultancy), EPC (Engineering Procurement & Construction) & RE (Real Estate). NBCC is also a member of NAREDCO.
The MoU aims to enhance the industry acceptability of skill certifications and recognize eligible uncertified construction workers as per NSQF standards recognized by NCVET for the Real Estate sector.
Rajan N Bandelkar, President of NAREDCO, stated, "The MoU with NBCC is a step towards recognizing the importance of skill development in the real estate sector. The collaboration will promote a skilled workforce, which will be beneficial for the industry."
Debasis Satapathy, GM-HR, NBCC, said, "NBCC is committed to promoting skill development and creating a skilled workforce. We are pleased to collaborate with NAREDCO in this endeavour, and we hope to make a significant contribution to the real estate sector through our joint efforts."
As per the MoU, NAREDCO shall promote the initiatives and contribution of NBCC in Skill Development and Real Estate and aim to cover 30,000 construction workers present in various sites of NBCC in India.
