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Summary: A dedicated training centre by SV Pittie Sohar Textiles will train 1,000 Omanis to be employed in the companys textile project

Celebrating Omans National Day, SV Pittie Sohar Textiles and National Training Fund signed a capability building agreement (CBA) under which 1,000 Omanis will be trained at SV Pittie Training Centre in Sohar, to enable them with the right foundational and technical skill-set to be employed in the companys textile project.

The yarn manufacturing facility of the textile project is an entirely new enter- prise in Oman and the initiative of train- ing its workforce is as per Tanfeedhs national development programme.

The agreement was signed by Sharifa Tahir Aidid, CEO National Training Fund and Neelima Vyas, CEO SV Pittie Sohar Textiles, under the auspices of H E Talal al Rahbi, deputy secretary general of Supreme Council of Planning and a key member of Tanfeedh.

Through a comprehensive practice- based curriculum, the Omani youth will be skilled for robust and rewarding job opportunities that will drive the companys sustainable growth in Oman. The dedicated training centre in Sohar will ensure continuous learning process for the existing as well as prospective employees. This will have a multiplier effect in inspiring further innovations and creating more job opportunities.

SV Pittie Group, established in 1898, is one of the largest yarn manufacturers in India. SV Pittie Sohar Textiles is being built with an investment of $300mn on a 27-hectare area and will be equipped with 300,000 spindles and 7,000 rotors.

Phase 1 of this project is scheduled to be commissioned later this month. The plant will import 100,000 tonnes per annum of cotton from various countries, primarily being USA, Australia and India. It will produce finished yarn, which will then be exported to major textile markets residing in China, Bangladesh, Turkey and Pakistan.

The Group hosted a high-level delegation from Oman of HE Sultan al Habsi, deputy governor Central of Bank of Oman, HE Abdul Salam Al Murshidi, executive president of State General Reserve Fund, Abdullah Maamary of Sultans Special Forces Pension Fund along with senior officials at their facility in Rajasthan, India. They dedicated its textile training centre, the largest of its kind in India, to the Sultanate by naming it S V Pittie Sohar Research and Training Centre.

At the event, Chirag Pittie, managing director of S V Pittie Sohar, said, We are grateful and honoured to welcome excellencies, our valued shareholder partner in Sultans special Forces Pension Fund, our finance partner in Bank Sohar, and senior officials of the delegation. Your support and patronage plays a pivotal role in strengthening the key foundation of the sector, which is its people. Together with your participation, we will build a highly capable and efficient workforce that will contribute to the long-term economic growth of this country.

A dedicated supporter of a sustainable diversified economy and its national workforce, HE Abdul Salam expressed his continued commitment in realising collaborative initiatives of capability building to diversify the Omani economy in various sectors including the textile cluster in Oman.

Ahmed Al Musalmi, CEO of Bank Sohar, the project finance partner, said, We congratulate Pittie Group on this unique milestone that very much resembles our own values of community and economic participation. Bank Sohar, being a strategic enabler for growth of large corporate stakeholders, is always committed to support the national drive for economic diversification, especially through projects that deliver opportunities for sustainable growth in business whilst creating jobs and career development opportunities for thousands of Omanis who will shape the future of our nation. Bank Sohar continues to play an effective and active role in being a partner to the economic growth and prosperity of the country and we will continue to look for such opportunities in the future.

The SV Pittie Training Centre in Sohar, with the support of the National Training Fund and its shareholding and financial partners, will look to ensure a bright future for Omans youth.

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Publication:Oman Economic Review (OER)
Geographic Code:7OMAN
Date:Dec 2, 2018
Next Article:Tapping national talent.

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