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Infiniti retail limited (Croma) on boards Teamlease to offer first-of-its-kind degree apprenticeships to 500 youth

India’s fastest growing degree apprenticeship program, TeamLease Degree Apprenticeship (TLDA), from the house of TeamLease Services, today announced its partnership with Croma Infiniti Retail Limited. Through this association, the Company will be executing degree apprenticeships, as per the New Education Policy 2020, to equip candidates with both domain competencies and behavioral skill sets, as per the industry’s requirements.

Under this alliance, TeamLease will offer a degree-linked apprentice program that will enable students to undergo a work-integrated program to continually build new skills and receive additional credits whilst they earn a stipend. The degree apprenticeship program has been curated in accordance with the guidelines of the New Education Policy and will provide candidates with a combination of academic and work-based learning.

Commenting on the partnership, Mr. Dhriti Prasanna Mahanta, Business Head, TeamLease Degree Apprenticeship, said, “The Tata Group has been a trail-blazer in adopting innovative human resources practices ahead of times. Hence it is no surprise to witness Croma, Infiniti Retail Limited (Tata Group Subsidiary) partner with TeamLease to implement Degree Apprenticeship, which is not only unique to India but to the world, to build a sustainable & productive talent supply chain.

In the past few years, apprenticeship programs have not only helped organizations build a pipeline of skilled talent but have also acted as a catalyst to address the employability gap that the industry faces, and now with Degree Apprenticeship, one can fulfill India’s goal of higher productivity and improved per capita income. We believe that such partnerships will augment the industry-academia partnership and the adoption of apprenticeship embedded degrees in the country, as more candidates and employers experience the value that apprenticeships deliver.”

Mr. Joe Chacko, CHRO, Croma, Infiniti Retail Limited, said, “We are delighted to associate with Teamlease Degree Apprenticeship (TLDA) and their partnered Universities, to bring in the industry-academia partnership for degree-linked apprenticeship programs. We are certain that this partnership will play a vital role in fostering talent for the retail industry and, more specifically, in giving candidates the chance to enhance their skills.” The three-year BBA Retail embedded apprenticeship is open to 12th graduates and Diploma pass-out students.

About TeamLease Degree Apprenticeship: TeamLease Degree Apprenticeship is India’s first and largest Degree Apprenticeship Programme offered through a public-private partnership with the TeamLease Skills University (TLSU), Ministry of Education, Ministry of Skill Development & Entrepreneurship, CII, and NSDC. The Company has hired about 600,000 apprentices from more than 1000 employers.

About 98% of these apprentices have transitioned into formal employment, and almost 40% have been employed in the same organization. Through its Degree Apprenticeship Program, TeamLease focuses on enhancing the employability quotient of the youth of our country and bridging the skill deficit. TeamLease Skills University (TLSU) is India’s first vocational skills university as well as India’s first NAAC-certified University that offers employment-oriented multi-level programs.

This article was shared with Prittle Prattle News as a Press Release.
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