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Karnataka Minister lauds Fairfax & Quess CEOs for adding new jobs

Quess added 50,000 plus jobs in the financial year 2018-19. The Bengaluru-headquartered Quess, a business services provider, is a subsidiary of Fairfax Financial Holdings.

ET Bureau|
Jun 02, 2019, 09.14 PM IST
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Revenue Minister RV Deshpande has written to Fairfax Financial Holdings chairman Prem Watsa and Quess Corp Chairman Ajit Isaac lauding them for their record in generating new jobs and skill development initiatives.

Quess added 50,000 plus jobs in the financial year 2018-19. The Bengaluru-headquartered Quess, a business services provider, is a subsidiary of Fairfax Financial Holdings.

In his letter, the Minister said India's unemployment rate at 6.1% is the highest in four decades. The country also has the largest population of youth, and the biggest challenge at present was creation of jobs. He mentioned that Quess has provided employment to 3.18 lakh people with net addition of 56,300 people in the last financial year.

Deshpande said Quess was providing skills to 40,000 people across 56 training centres, and hoped Quess's record in skilling youth and job creation would inspire other firms.

Quess had reported revenues of Rs 8527 crore for the financial year ended March, recording a growth of 38% over the previous year.

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