Lupin has trained its third batches of students, graduated through the Lupin’s ‘Learn & Earn’ initiative. The company has helped a total of 560 graduates, with 181 students passing out this year.
The 'Learn and Earn' initiative selects candidates who have passed class 12th in the science stream with a minimum of 50 percent marks but are facing financial constraints for a three-year course during which they are paid stipend and provided all the facilities.
Lupin also expects to train more than 1,000 under graduates into pharma professionals by the year 2020 under its Learn and Earn Initiative.
The company has initiated the 'Learn and Earn Initiative' at its facilities in Goa, Tarapur (Maharashtra), Indore (MP), Aurangabad (Maharashtra) and Sikkim.
C Srinivasalu, senior vice president (HR), Lupin said, during the course period, the candidate undergoes five days on-the-job training with one day of the classroom session.
Further, the students have to compulsorily work with Lupin for two years, after completing their course before they have their options open to join any other pharmaceutical firm.
Mumbai-headquartered Lupin has estimated that by the year 2020 they would be spending almost Rs 20 crore on this programme. This program will bridge the manpower requirement of the pharmaceutical sector in a big way," he said.
Yashwant Mahadik, president, global human resource, Lupin said the program was conceptualized in the year 2010 due to an acute shortage of skilled manpower.
He added, "Historically, Lupin was recruiting 1,000 plus fresh graduates every year with no relevant job skill, and sensed that there was a need of job-ready graduates with appropriate technical and life skills.”
Mahadik claimed that the main aim of this program was to "create a ready pool of talent in India to be part of the booming pharmaceutical sector.”