Schaeffler India inaugurates vocational training center at Hosur to support skill development

Schaeffler Technical Enhancement Program (STEP), an initiative under HOPE - Schaeffler India’s flagship CSR program
Mumbai, May 31, 2019 –Leading industrial and automotive supplier, Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER) today inaugurated a fully operational vocational skill development training center at Hosur today. The center has been established to provide skill training in the fields of CNC Machining and Mechatronics training to the youth of the underprivileged sections of the society. The inauguration of this center is under a program called STEP (Schaeffler Technical Enhancement Program) which is run under the CSR umbrella HOPE. The program will be run by SkillSonics India Pvt Ltd, as the learning and implementation partner. 
The inaugural function took place at the STEP, Hosur training center in SIDCO industrial area in the presence of chief guest Dr. S.Prabhakar (I.A.S), Krishnagiri District Collector & Magistrate. The center was inaugurated by senior executives from Schaeffler India - Mr. Rakesh Jinsi, Director Schaeffler India Limited Board; Mr. Dharmesh Arora, CEO – Schaeffler India; Mr. Santanu Ghoshal, VP Human Resource- Schaeffler India and representatives from SkillSonics India Pvt Ltd. 
Commenting on the occasion, Mr. Santanu Ghoshal, VP Human Resource- Schaeffler India, said: “STEP as a program has been designed to develop and empower the youth and their families from the underprivileged section of the society from the surrounding communities where Schaeffler operates. After establishing two centers in Pune, this is our third center under the STEP initiative, empowering students with technical skills with a focus on making them employable and self-reliant. Every individual should be provided with an opportunity to improve their lives by earning a living through hard work and dedication. Schaeffler strongly believes in giving back to society from where we have received, and STEP is a modest endeavor in that direction. “
32 students from the adjoining areas of Hosur have been enrolled for the 4-month course. Students are recommended and screened by recognized field workers from SkillSonics and NGO partner Aaradhana to ascertain the family background of the students. The selected candidates will get vocational training as recommended by the National Skill Development Corporation by the Ministry of Skill Development. 
Students will be provided certificates under NSDC (National Skill Development Corporation) and SWISSMEM (optional and based on assessment) after successful completion of the training. Along with technical training, the curriculum will also provide communication and soft skills training to support the candidates for interview preparation process and final placements. 
About HOPE
Schaeffler India as a part of its CSR program has consolidated its activities and focus exclusively on a few core areas which will make a meaningful impact on the community and make a difference. HOPE is Schaeffler India’s umbrella initiative encompassing the values, vision and mission of the organization. Through this initiative Schaeffler India strives to contribute, to the motto \'सर्वेभवन्तुसुखिनः\' (May everyone be happy). It is derived from the four core areas of focus – Healthcare, Occupational skill, Preservation of national heritage, art & culture and Empowerment of society. Under HOPE, Schaeffler India runs a number of initiatives for the four focus areas.  
About Schaeffler India Limited (formerly FAG Bearings India Limited)
Schaeffler has been present in India for over 50 years. With 3 well known product brands LuK, INA and FAG, 4 manufacturing plants and 13 sales offices, Schaeffler has a significant presence in India. Schaeffler is among the largest Industrial and Automotive supplier with sales of INR 45.6 billion in 2018 and around 3,000 employees. The manufacturing plants in Maneja and Savli (Vadodara), produce a vast range of ball bearings, cylindrical roller bearings, spherical roller bearings and wheel bearings that are sold under the brand name of FAG. The plant at Talegaon near Pune, manufactures engine and powertrain components for front accessory drive system, chain drive systems, valve train, gear shift systems and a range of needle roller bearings and elements, under the brand INA. The fourth manufacturing location is based out of Hosur, producing a wide range of clutches and hydraulic clutch release systems for passenger cars, light commercial vehicles, heavy commercial vehicles and tractors sold under the brand of LuK. Schaeffler also has the largest after-market networks serving the industrial and automotive customers. All of this is backed by dedicated engineering, research and development support based in India in support of product teams.
About Schaeffler Group
The Schaeffler Group is a globally active automotive and industrial supplier. By delivering high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, the Schaeffler Group is already shaping “Mobility for tomorrow” to a significant degree. The technology company generated sales of approximately 14.2 billion Euros in 2018.  With around 92,500 employees, Schaeffler is one of the world’s largest family companies and, with approximately 170 locations in over 50 countries, has a worldwide network of manufacturing locations, research and development facilities and sales companies.  With more than 2,400 patent registrations in 2018, Schaeffler is Germany’s second most innovative company according to the DPMA (German Patent and Trademark Office).