PC Jeweller Limited has signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC) on March 26, 2026. PC Jeweller will serve as the Industry/Franchise Partner for the Gems & Jewellery Sector under the government’s National Entrepreneurship Drive (NED). The primary goal is to develop and onboard up to 2,00,000 micro-entrepreneurs across India over a five-year period, leveraging the PC Jeweller brand.
Strategic Alliance for Skill Development
PC Jeweller Limited announced the execution of a crucial Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC). This agreement, finalized on March 26, 2026, establishes the Company as the designated Industry/Franchise Partner specifically for the Gems & Jewellery Sector.
National Entrepreneurship Drive (NED) Objective
The partnership is central to the NSDC’s major national initiative known as the National Entrepreneurship Drive (‘NED’). This drive aims to foster employment generation, promote entrepreneurship, and stimulate local economic growth across 15 different sectors in India. PC Jeweller has been specifically selected as the lead partner for the Gems & Jewellery segment, chosen for its dedicated development potential and scalability.
Scale of Engagement
The core objective outlined in the MoU is the ambitious goal of developing and onboarding up to 2,00,000 micro-entrepreneurs nationwide. This large-scale training and onboarding program is scheduled to be executed over a significant timeframe of five years, utilizing the established trust and presence associated with the PC Jeweller Brand.
Impact and Future Outlook
This formal commitment underscores the mutual dedication to the stated objectives. Furthermore, the agreement presents a significant strategic opportunity for PC Jeweller Limited to effectively expand its overall retail footprint across the country by fostering a wider network of trained professionals.
Source: BSE
