BRIDGING THE SKILL GAP

In an upfront interaction, Marcos Oliveira, President and CEO of lochpe-Maxion S.A. speaks about the upskilling initiative to bridge the skill gap and create a level playing field, with Upendra Kasbekar.

Q: What inspired Iochpe-Maxion to introduce the Formare program in India?

A: The Formare Program has been a cornerstone of our operations for 35 years, initially launched in Brazil. Its main objective is to support underprivileged youth by equipping them with skills necessary for the workforce. We’ve successfully trained over 26,000 students in Brazil alone. After expanding this initiative to Mexico, we recognised a similar need for talent development in India, particularly in Pune, where we operate three plants. Our program here aims to provide young individuals with both academic and practical experience, allowing them to contribute effectively from day one.

Q: You mentioned the similarities in needs across Brazil, Mexico, and India. Can you elaborate on that?