3‘S’, – Skill, Speed and Scale are the key to Capacity Building for StartUps

The three ‘S’, – Skill, Speed and Scale are the key to Capacity Building for StartUps as also for those engaged in any other vocation, Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today said while inaugurating the Training Program conducted by IIM Raipur faculty for the Kendriya Bhandar (KB) staff.

The Minister said, “Quality with Cost-Effectiveness of the end-product is what determines the sustainability amid competition”, he said.

Kendriya Bhandar is the first organization in India to seek institutionalised training for its employees. Training and constant upgrading of skills are the two main aspects constantly reiterated by Prime Minister Narendra Modi, said the Minister.

Dr Jitendra Singh said, the KB Society was performing dismally after the withdrawal of Stationery OM in March 2015, and the sales turnover started falling down by Rs.100-150 crores annually and the profit also declined sharply till March 2018 and thus the Society was almost on the verge of losses.

The Minister said, it was the cost-cutting measures and the efforts of the Managing Director Dr. Mukesh Kumar and the Board of Directors and all employees of the Kendriya Bhandar for ushering in a lot of reforms, especially in the wake of Covid pandemic, and thus making a turn around. As a result, profits soared over 30%.

In his address, Dr. Mukesh Kumar said, the Society has taken a lot of measures to heighten the morale and confidence of the employees by granting them fair wages which are comparable to the industry, while record number of promotions at faster pace to the performing employees were granted. He said, apart from these, measures like re-designation of posts guaranteeing respect, improving the quality of life at work place and periodical training through cooperative institutes, FSSAI and other activities for personality development of the employees.