Sona Comstar hits fresh 52-week high on collaboration with NASSCOM

The company aims to upskill its employees through FutureSkills Prime.

Oct 13, 2021 09:10 IST India Infoline News Service

Sona BLW Precision Forgings Limited (Sona Comstar), India's leading automotive technology company, is collaborating with FutureSkills Prime – a MeitY-NASSCOM Digital Skilling Initiative to upskill its employees/workforce in cutting edge digital technologies with industry-relevant and government recognized curriculum-based courses.

At around 9.58 am, Sona BLW Precision Forgings Ltd was trading at Rs718.20 per piece up by Rs64.45 or 9.86% from its previous closing of Rs653.75 per piece on the BSE. The scrip opened at Rs668.95 and has touched a fresh 52-week high of Rs723.95 per piece on Wednesday.

FutureSkills Prime is the first-of-its-kind public-private cooperation between the Ministry of Electronics and Information Technology (MeitY) and NASSCOM to create a digital skilling ecosystem for India's citizens. The objective is to reskill/upskill graduates and professionals in emerging technologies and professional skills to make India a global digital talent nation in the coming years.

Sona Comstar aims to upskill its employees to be ready to face the digital revolution across multiple functional areas. FutureSkills Prime is dedicated to advising and encouraging Indian professionals to play motivating, valuable, and purposeful roles in a future brimming with opportunities made possible by cutting-edge digital technologies.

Vivek Vikram Singh, Group CEO, Sona Comstar commenting on the initiative, said, “We are proud to be the part of the enterprise by Government of India and NASSCOM. As the world, especially manufacturing, rapidly transitions from the industrial age to the digital age, the skills required have also evolved. The advancement of technology and digital transformation compels up‐skilling as the natural progression towards a promising future. As an automotive technology leader, it is our endeavor to up‐skill our workforce at this juncture.”

Kiran Manohar Deshmukh, CTO, Sona Comstar, said, “We are rapidly moving towards digital transformation. A lot of the workforce is not prepared for change at such a scale, and we need to reskill our workforce—especially managers, engineers, and executives—according to the changing needs of the industry.”

He further added, “The digital transformation will not only be rapid, but it will also proliferate across all facets of manufacturing. Therefore, there is a need to have 'digital literacy’ among the entire workforce. Going forward, we also plan to work with NASSCOM to develop and curate the content suitable for the shop floor employees and other front‐line associates in the manufacturing sector.”

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