India to send 300,000 youth to Japan for on-job training

Japan will bear the financial cost of the skill training of Indian technical interns; about 50,000 of them may also get jobs in Japan

Latest Current Affairs : India will send 300,000 youth to Japan for on-job training for 3-5 years as part of the government’s skill development programme, Union Minister Dharmendra Pradhan said here today.

Japan will bear the financial cost of the skill training of Indian technical interns.

The Skill Development and Entrepreneurship Minister said the Union Cabinet has approved signing of Memorandum of Cooperation (MoC) between India and Japan on the ‘Technical Intern Training Program (TITP)’.

The MoC, he said, is expected to be signed during his three-day visit to Tokyo starting October 16.

“TITP is an ambitious program to send Three Lakh Indian technical interns to Japan for on the job training for a period of three to five yrs,” Pradhan said in a tweet.

He said the youth will sent for training in the next three years with Japanese financial assistance.

About 50,000 of them may also get jobs in Japan, he added.| Readmore…

AirAsia eyes Hong Kong listing as it expands in North Asia

AirAsia eyes Hong Kong listing as it expands in North Asia

AirAsia is studying a dual listing in Hong Kong, part of plans to become a pan-Asian low-cost airline player as it also moves towards setting up a joint venture in China, people familiar with the matter said on Sunday.

The Malaysia-based group is simultaneously looking for more aircraft to meet strong demand in North Asia and elsewhere, the people said on the eve of Britain's Farnborough Airshow.

Asia's largest low-cost airline group, which already has affiliates across Southeast Asia, aims to form the venture with the backing of a Chinese state-owned enterprise (SOE) to help capture traffic from fast-growing secondary and tertiary cities.

Co-founder and Chief Executive Tony Fernandes referred to the potential dual listing without naming a location and hinted at a potential new aircraft order in remarks posted on his Twitter account on Sunday.

"Looking at more ancillary (revenues), more capacity and dual listing," he said.

The airline group is talking to Chinese banks and potential shareholders including ChinaEverbright Bank, one source said.

Expansion into the world's fastest growing aviation market comes as China edges towards overtaking mature Western air travel markets despite recent slowing economic growth.

It also comes as AirAsia rebounds from recent turbulence due to lower oil prices and as Fernandes and his partner put in additional investment and take greater control of the business.

The share price fell sharply in 2015 amid negative reports about its finances, but has rallied sharply since then.

A Hong Kong listing could help to raise the company's profile, coming on the heels of the flotation there of aviation lessor BOC Aviation, and allow it to raise new capital.

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