The Human Capital Strategic Initiative is aimed to create about five million skilled local workforce by 2020, said Human Resources Minister Richard Riot today.
He said this could be achieved through investments in both education and re-skilling of local talent.
"The up-skilling of local talent are pivotal towards improving social mobility and the wellbeing of the rakyat, as a whole. This is where strategic agency partners such as the Human Resources Development Fund (HRDF), which is under the purview of the Human Resources Ministry comes into action," he said at the launch of Human Capital Strategic Initiative Towards Creating High-Skilled Workforce by 2020 in Kuala Lumpur today.
Currently, there are approximately four million skilled local workforce.
The four initiatives are the 1Malaysia Outplacement Centre (1MOC), the Train and Replace Programme (T&R), the Graduates Enhancement Programme for Employability (Generate) and the Rural Accelerated Industrial Skill For Employment (Raise).