STATE TIMES NEWS
NEW DELHI: The three ‘S’, – Skill, Speed and Scale are the key to capacity building for StartUps as also for those engaged in any other vocation, Union Minister, Dr Jitendra Singh on Friday said while inaugurating the Training Program conducted by IIM Raipur faculty for the Kendriya Bhandar (KB) staff.
The Minister said, “Quality with Cost-Effectiveness of the end-product is what determines the sustainability amid competition”, he said.
Kendriya Bhandar is the first organization in India to seek institutionalised training for its employees. Training and constant upgrading of skills are the two main aspects constantly reiterated by Prime Minister Narendra Modi, said the Minister.
Dr Jitendra said, KB Society was performing dismally after the withdrawal of Stationery OM in March 2015, and the sales turnover started falling down by 100 to 150 crores annually and the profit also declined sharply till March 2018 and thus the Society was almost on the verge of losses.
In his address, Managing Director of Kendriya Bhandar, Dr. Mukesh Kumar said, the Society has taken a lot of measures to heighten the morale and confidence of the employees by granting them fair wages which are comparable to the industry, while record number of promotions at faster pace to the performing employees were granted.
Kendriya Bhandar created an all-time record by achieving five-fold growth of Rs.4,043 crores in 2021-22 from Rs.750 crores in 2017-18, which is unprecedented in any public or private sector.
It is also worth mentioning here that the society had accumulated fixed deposits of Rs.98.59 crores in 55 years since its coming into existence and Rs.41.28 crores (29.51% of total Rs.139.87 crores) have been added in the last five years.