Torus Primero Edutech, a joint venture of Cosmea Financial Holdings and Primero Skills and Training, announced on Tuesday its goal to provide vocational training to 1 million young people in 40 sectors over the next 18 months.
Torus Primero Edutech plans to target India’s skills, education and education sector, which is estimated to be worth $300 billion by the end of this decade, using technology to deliver its courses and certifications recognized by the industry, according to a press release.
“Torus Primero Edutech aims to provide skills, reskilling and upskilling to participate in the global knowledge economy and lead to better employability opportunities. This will contribute to the Government of India’s Skills Development Initiative and is in line with the National Education Policy 2021,” he mentioned.
Using an intuitive technology platform, the company will deliver new era skills in high-growth sectors, such as finance, retail, hospitality and healthcare, in India and the Middle -East.
“We further expect to align over one million jobs for our interns over the next five years through this platform,” said Jayanta Das, CEO of Torus Primero.
The company also plans to adopt a hybrid training model (online and offline presence) for its courses, with a focus on reaching people aged 16-30 through various channels.
The joint venture will also focus on the Northeast region, where it sees great potential, and expand its online and offline presence in those states, according to the release.
Torus Primero Edutech is the fourth initiative launched by Cosmea Financial Holdings (CFH) as part of its portfolio. Cosmea Financial Holdings is a financial services startup.
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