SUMMER INTERNSHIP REPORT

ON
MADHYA PRADESH SKILL DEVELOPMENT PROJECT
(MPSDP)
SUBMITTED IN
PARTIAL FULFILLMENT OF
MASTERS IN BUSINESS ADMINISTRATION

SUBMITTED BY:
KRITI MAHAJAN
(0029MBA22)

UNDER THE SUPERVISION OF:

ABHINAV SHARMA
(Associate Director, PwC India)
CERTIFICATE
 DECLARATION

I hereby declare that the project work entitled “Madhya Pradesh skill
development project (MPSDP)” submitted to The Business School,
University of Jammu is a record of original work done by me, Kriti
Mahajan, a student of MBA under the guidance of Mr. Abhinav
Sharma.
The project is submitted in the partial fullfillment of the requirements
of the current year’s curriculum.
The results embodied in this report have not been submitted to any
other University or Institute for the award of degree or diploma.

Kriti Mahajan
0029MBA22
 ACKNOWLEDGEMENT

I take this opportunity to express my sincere gratitude and

appreciation to everyone who has contributed to the successful
completion of the report of Madhya Pradesh Skill Development
Project (MPSDP).
I would like to express my gratitude towards Mr Abhinav Sharma
(Associate Director- PwC India) who provided me this opportunity to
intern under him and gain invaluable experience.
I would also like to thank The Director of my institution Prof. Vinay
Chauhan and other faculty members without whom this project would
have been a distant reality.
I also extend my heartfelt thanks to my family and friends for their
kind cooperation and encouragement which helped me in the
completion of this project.

Kriti Mahajan
0029MBA22
 TABLE OF CONTENTS

S. TITTLE PAGE
NO. NO.
CHAPTER:1
 COMPANY PROFILE

PricewaterhouseCoopers
PricewaterhouseCoopers (trading as PwC) is a global professional
services firm headquartered in London, United Kingdom. PwC ranks
as the second largest professional services network in the world and
considered one of the Big Four accounting firms, along with Deloitte,
EY and KPMG.
PwC was founded in 1998 and is a community of solvers combining
human ingenuity, experience, technology and products to help
organisations and individuals build trust and deliver sustained
outcomes.
With a rich history dating back over a century, PwC has established
itself as a trusted name in the business world, with offices in more
than 150 countries and territories.
PwC’s extensive network of professionals include accountants,
consultants, tax advisors and industry experts who work with clients
across diverse sectors providing them tailored solutions and industry-
specific insights.
The company is committed to creating an inclusive work environment
where individuals of diverse cultures and background thrive. PwC
promotes diversity in its workforce and partners with organizations
that support equality and inclusion.
From its diverse client base to its commitment to innovation and
sustainability, PwC has demonstrated its ability to adapt and thrive in
an ever-evolving business landscape. With a strong focus on
corporate responsibility and a talented team of professionals, PwC
continues to set the standard for excellence in the industry. Whether
it’s assisting clients with their financial strategies or helping them
navigate complex business challenges, PwC remains dedicated to
delivering exceptional value and solutions.

History
In 1998 the global merger of Coopers & Lybrand and Price
Waterhouse took place to form PricewaterhouseCoopers. Both the
firms had histories dating back to 19th century. The trading name was
shortened to PwC in September 2010 as a part of rebranding effort.

Operations
PwC refers to the PwC network and/ or one or more of its member
firms, each of which is a legal entity due to local legislative
requirements. Much like other professional services firm, each
member firm is financial and legally independent. PwC is Co-
ordinated by private company limited by guarantee under English
Law called PricewaterhouseCoopers Limited.
PwC’s operations are global and include consulting services that are
available to clients of all sizes and in all industries. PwC’s consultants
help clients achieve significant improvements in their operations
including reduced costs, increased efficiency and improved customer
service.
Lines of services (LoS)
There are 4 Lines of service that PwC deals in:

1. Assurance

Under Assurance services the Strategic Business Units (SBUs)

are:

 Audit
 Assurance Corporate
 Technical
 Quality
 Technology Risk Assurance Services
 CMAAS
 Risk Management
 Learning and Development

2. Advisory

Under advisory these are the Strategic Business Units (SBUs):

 Technology Consulting
 Risk Consulting
 Management Consulting
 Deals
 Advisory Corporate
 Global Delivery centre
 3. Tax and Regulatory Services

Under Tax and Regulatory Services these are the Strategic

Business Units (SBUs):

 Corporate and International Tax

 Financial Services
 Indirect Tax
 Mergers and Acquisitions
 Regulatory
 Transfer Pricing
 Corporate

4. Internal Firm Services

Under Internal Firm services the Strategic Business Units
(SBUs) are

 Human Capital
 Ethics and Business Conduct
 IT Security
 Risk and Independence
 Strategic Sourcing
 Internal Audit, CSR
 Finance and Accounts
 CSR
 R&Q
 RMP

Major Clients

With offices in 152 countries and almost 328,000 people, PwC is

among the leading professional services networks in the world. PwC
aims at helping organisations and individuals create the value they are
looking for, by delivering quality in Assurance, Tax and Advisory
services.
In FY22, PwC firms provided services to 84% of the Global Fortune
500 companies.
For the year ending 30 June 2022, PwC’s gross revenues were
US$50.3 billion.

Employement

The workforce employment of PwC increased steadily between 2013

and 2022. In 2022, the company employed approximately 148,822
globally.

Offices
PwC has its global presence in 152 countries and 688 cities in total.

Revenues
PwC earned upto US$50.3 billion in the financial year 30 June 2022.

PwC Clients
PwC has served more than 191000 clients across its global network.
In FY22, PwC firms provided services to 84% of the Global Fortune
500 companies.
 Vision

PwC's vision is to be the leading professional services firm in the world,

creating a sustainable future for our clients, our people, and our communities.
To achieve this vision, PwC is focused on:
 Building trust: PwC is committed to building trust in society by providing
high-quality professional services that meet the highest ethical standards.
 Solving important problems: PwC is focused on helping its clients solve
complex problems that impact their businesses and the world around
them.
 Creating leaders: PwC is committed to developing leaders who are
equipped to meet the challenges of the future.
 Inspiring people: PwC is committed to creating a workplace where people
can thrive and reach their full potential.
 Awards and Recognitions

PwC best in business for having and extraordinary impact on

STEM education and society (2022 Inc. Best in Business)
2023 Fortune 100 Best Companies to Work For (Ranked #30)
2023 Seramount Best Companies for Multicultural Women (20th
consecutive year)
2023 Platinum Bell Seal Award, Mental Health America
2023 Vault Accounting 50 (Ranked #1)
2022 HR Excellence Awards (Gold awards in Excellence in
Employee Engagement, Excellence in Total Rewards Strategy, and
Excellence in the Use of HR Tech, as well as a Silver award in
Excellence in Workplace Culture)
2022 Singapore's 100 Leading Graduate Employers Awards (Top
Employer in the Accounting and Financial Management sector
(Finalist) for the 11th consecutive year and 31st for the Overall
Graduate Employer of the Year in Singapore)
2022 UiPath Innovation Partner of the Year Award
CHAPTER: 2
Madhya Pradesh Skill Development Project
(MPSDP)

The Madhya Pradesh Skills Development Project (MPSDP) is aimed at helping

the Government of Madhya Pradesh (GoMP) improve its technical and
vocational training system. This will create a skilled workforce that meets the
state's changing development needs.
The project is focused on building a new, advanced technical and vocational
training institute that meets international standards. This institute will provide
high-quality, technology-focused skills training for the state's priority sectors.
The project will also modernize 10 major industrial training institutes. This will
involve upgrading their training facilities and teaching materials so that they can
provide high-quality, industry-relevant skills training.
The goal of the project is to increase the employability, productivity, and
income of the workforce. This will have a special focus on youth, women, and
disadvantaged groups

 The MPSDP aims at establishing Global Skill Park (GSP). The GSP will
have training and other facilities that meet international standards. The
GSP campus is designed to be "aspirational" for the youth of Madhya
Pradesh. It will help to change the image of technical and vocational
education and training (TVET) and encourage young people to get
technical skills for higher-paying jobs.

 The project will also modernize 10 divisional level ITIs in Madhya

Pradesh. The ITIs will be upgraded and renovated to have better
infrastructure. They will also offer industry-relevant skills that meet
national standards. The upgraded 10 ITIs will also serve as resource
centres for other ITIs across the divisions. This will help to extend the
 benefits of improved facilities and TVET support, such as training of
trainers, industry-cooperated training, and career guidance services.

 The project will also expand the reach of advanced training in 10 ITIs and
the GSP. This will especially benefit women, socially disadvantaged
groups, and physically challenged youth. The project will help to improve
their employment opportunities. Some of the activities that will be
undertaken through the project include building women's hostels, creating
barrier-free designs, providing extensive mobilization, offering career
counselling, and providing placement services.

 The project will also strengthen the capacity of executing and

implementing agencies, such as the GSP Society, the Directorate of Skill
Development, and ITIs. This will help to ensure that project activities are
implemented effectively and that they are sustainable.

Rationale
Madhya Pradesh is a large state in central India with a population of 78 million
people. It is a relatively poor state, with income per person at about 70% of the
national average.
In recent years, Madhya Pradesh has experienced strong economic growth,
averaging more than 8% per year. This growth has been driven by the
agriculture sector, which has grown at nearly 10% per year. The industry and
service sectors have also grown steadily.
Madhya Pradesh is part of the Delhi-Mumbai Industrial Corridor, and it is home
to a number of industrial growth centers. The state's industrial promotion
policies have attracted large investments in manufacturing, such as automotive
and auto components, electronics, and food processing.
In order to sustain its economic growth, Madhya Pradesh needs a well-trained
workforce. However, the state faces challenges in meeting the demand for
skilled workers.
The demand for skilled workers in Madhya Pradesh is expected to increase by
5.6 million by 2024. Most of the new jobs will be for semi-skilled or skilled
workers. The highest demand will be in the construction and manufacturing
sectors, followed by trades and repair services, transportation and logistics, and
other services.
However, more than half of the current workforce in Madhya Pradesh is in
agriculture. Only 22% are in industry and 23% are in services. The current
workforce is largely unskilled, with two-thirds having only primary education.
Only 1.2% of the workforce has undergone any formal vocational training. This
is much lower than the national average of 5.4%.
Madhya Pradesh has one of the youngest populations in the country, as well as a
large population. The working-age population (aged 15-59) will expand from 48
million in 2016 to 56 million in 2026, with 0.8 million potential new entrants
into the labour force every year.
Therefore, the skills of the current labour force are not enough to meet the needs
of the growing industries in Madhya Pradesh. Thus the demand for well-trained
workforce arises.
The Asian Development Bank (ADB) has approved the Government of Madhya
Pradesh a $150 million loan to help the state improve and modernize its
technical and vocational education and training (TVET) schools. The project
will cost a total of $240 million, with the state contributing $90 million.
The ADB's involvement in the MPSDP is a demonstration of its commitment to
supporting skills development in Asia and the Pacific. The ADB believes that
skills development is essential for economic growth and poverty reduction. The
MPSDP is a flagship project that is expected to have a significant impact on the
skills development landscape in Madhya Pradesh.
1) To merge and modernize Industrial Training Institutes (ITIs) at the
divisional level into large divisional ITIs. The project will merge 19 ITIs
into 10 divisional level ITIs. These ITIs will not only be centres of high-
quality industry-relevant training, but they will also serve as resource
centres for other ITIs in neighbouring districts.