Tata Housing to Provide Vocational Skill Development Training to 100,000 Underprivileged Youth by 2024

Tata Housing, one of the fastest growing real estate developers in India, today announced that the company will provide vocational skill development training to 100,000 socio-economically backward youth across the nation by 2024, under its ‘Samarth’ initiative in line with the Prime Minister’s vision of skilling the youth in India. A flagship program of Tata Housing, ‘Samarth’ is dedicated to enhance employability and enable people from the bottom of the pyramid. It not only trains people but handholds and facilitates their gainful employment as well.

Talking about this initiative, Mr Brotin Banerjee, CEO and MD, Tata Housing Development Company, said “Tata Housing’s ‘Samarth’ is in line with the Prime Minister’s vision of skilling Indian youth and contributing to making India the skill capital of the world. As the country prepares to embrace the potential of this untapped youth, an official and structured framework will go a long way in taking India up the ladder. Tata Housing understands that skill training is not just a means to ensure employment but also to create sustainable livelihoods and aims to achieve this through its initiative.”

Under this initiative, the company has partnered with various non-government organizations, government institutions and professional bodies like Entrepreneurship Development Institute of India, Don Bosco Tech Society, NIIT Foundation, LabourNet, Udyogwardhini amongst others. Samarth provides training in construction-related trades including masonry, carpentry, bar bending, construction supervisor, RCC etc as well as non-construction job-oriented trades such as computers and retail sales.

Launched in 2012-13, ‘Samarth’ has provided skill development training to a total of 10,000 youth by the end of 2014-15. More than 60% of these people have been gainfully employed or have started their own enterprises, post training.

About Tata Housing Development Company Limited:

Established in 1984, Tata Housing is a closely held public limited company and a subsidiary of TATA Sons Limited. TATA Sons Limited holds 99.86% of equity share capital of the company. Since its revival in 2006, the company has grown exponentially establishing itself as the fastest growing real estate developers in India, with 70 million sq.ft under various stages of planning and execution and an additional 19 million sq. in the pipeline. Tata Housing has stood out in the industry with quality construction, ethical and transparent business practices, rapidly acquiring an image as a Quality Conscious and Reliable Developer.

Today, Tata Housing is developing large townships and differentiated theme based projects in major and mini metros. As a comprehensive real estate developer of choice, Tata Housing straddles across all consumer segments from value to luxury housing, by offering products ranging from Rs. 12 lakhs to Rs. 14 crores. All projects developed by Tata Housing are certified sustainable green developments, designed by top internationally renowned architects. With strength of over 700 employees, and presence in Mumbai, Lonavala, Talegaon, Pune, Ahmedabad Goa, Gurgaon, Chandigarh, Bengaluru, Chennai, Kolkata and

Bhubaneswar; the company is now in the process of expanding its footprints to other parts of India across tier I and II cities. The company has also ventured into foreign markets such as Maldives and is actively exploring other markets including Sri Lanka and other South Asian countries.Tata Housing has been receiving various industry recognitions and accolades, both on domestic and international platforms. For additional information, visit: www.tatahousing.in