Recognising the gaps in the market with respect to engineering expertise, a large mining company in the Mekong region has set up programmes with local technical colleges to train local staff in skill sets relating to mining and engineering.
This has the twofold advantage of assisting in the upskilling of local talent so they are in a position to find work in the relevant industry post their qualification whilst also assisting the business itself to manage for the risk of not being able to find skilled resources in the local market.
In many developing markets, businesses can provide real value add by assisting in the uplift of the regulatory environment in the geographies in which they operate.
By partnering with International Organisations like the UN and World Vision and working with likeminded representatives in the government and aid sector, business can provide education and context to interested parties around what international standards and best practice look like in their home markets.
This type of initiative can assist governments who might be keen to work towards implementing similar standards in their own markets.