Infosys Earmarks Rs 250 crore For wp
INFOSYS Foundation, the philanthropic arm of Infosys, has launched Spark-IT, a program to enhance the skill levels of engineering graduates in the country. This initiative is part of Infosys Foundation’s plans to deploy Rs 249 crore towards wp and philanthropy initiatives in fiscal 2015, the organization spokesperson has announced. The Foundation has several programmes aimed at alleviating hunger, promoting education, improving health, assisting rural development, supporting arts and helping the destitute,
Speaking at the launch of the programme, Sudha Murty, Chairperson of Infosys Foundation said, “Many engineering graduates in India find it difficult to gain meaningful employment due to inadequate skills. Through Spark-IT we are imparting technical and communication skills to prepare candidates for future employment. The overwhelming response for the program demonstrates the need for such an initiative.”
Spark-IT is a three month program, to enhance both technical and communication skills of unemployed engineering graduates. The eligibility criteria include graduation in specific engineering disciplines and consistently good academic performance. While the programme aims to enhance employability of these graduates, it does not guarantee employment at Infosys.
Infosys says the programme has received an overwhelming response with more than 35,000 applications from 27 states.In the first year, Spark-IT plans to train 1,800 graduates spread over 11 batches, at the Infosys campus in Mysore, Mangalore and Chennai. Infosys Foundation has committed Rs 9 crore for this program. Candidates will be given a monthly stipend of Rs 10,000 and an accommodation allowance of Rs 5,000 per month. On completing the program, they will be given a certificate of participation.
Dr. Vishal Sikka, Chief Executive Officer, Infosys said, “At Infosys, we are deep believers in education and in people’s ability to learn, and its power to amplify the human potential. I am delighted that the Spark-IT program by the Infosys Foundation is helping us extend our expertise in IT to a large pool of unemployed engineering graduates.”