SME Times is powered by   
Search News
Just in:   • No Monday Blues: Sensex up over 1,200 points  • Petrol prices rise Re 1.60 in one week post Aramco attack   • SBI to adopt RBI's repo rate as external benchmark  • Airtel-Bharti AXA Life tie up for insurance with prepaid plan  • No plans to revise fiscal deficit target, cut spending: FM 
Last updated: 11 Sep, 2019  

Skill.9.Thmb.jpg Indian Institute of Skills envisaged by PM: Skill minister

Skill Development.jpg
   Top Stories
» Export key to become $5-tn economy: Niti official
» Corp tax cut to push investment flow to exports: FIEO
» Industry hails govt's Rs 1.45L cr stimulus
» Corp tax cut raises fiscal risks, warns Moody's
» Modi govt unrolls Rs 1.45 lakh cr tax bonanza
SME Times News Bureau | 11 Sep, 2019

Union Minister for Skill Development and Entrepreneurship Mahendra Nath Pandey on Wednesday said the concept of Indian Institute of Skills (IIS) was envisaged by the Prime Minister Narendra Modi.

Laying the foundation stone of Indian Institute of Skills (IIS) at Mumbai, Pandey said, “The concept of Indian Institute of Skills (IIS) was envisaged by the Prime Minister Narendra Modi himself when he had visited the Vocational Education and Training Center in Singapore. It is under his able guidance and direction that this institute will be on the lines of the IITs and the IIMs that we have in our country.”

“It will aspire to earn a similar reputation, stature and world-class infrastructure to cater to the demands of the international market and modern requirements. Just like how we are now being known for ‘Make in India’, soon we will be known for ‘Skilled in India’ as well,” he added.

The vision behind setting up IIS was to build world-class skill training centres in line with reputed educational institutes like Indian Institute of Technology (IIT) and Indian Institution of Management (IIM), with first-hand learning facilities from internationally renowned existing skill institutions. 

Tata Education Development Trust (TEDT) was selected as the private partner for setting up IIS at NSTI campus in Mumbai through a competitive bidding process.

The Tata Group is investing about Rs. 300 crore in the 4.5 acres campus that aims to bring best-in-class infrastructure and facilities to students. The aim of the Institute is to ensure that 5000 trainees will be passing out every year with 70% placement opportunities.

The Union Cabinet had given its nod to set up Indian Institute of Skills (IISs) in three locations of the country — Mumbai, Ahmedabad and Kanpur, to give wings to the Skill India Mission. These institutes will be constructed & operated on a PPP (Public-Private Partnership) model and in not-for-profit basis.

Envisaged as world-class skill training center imbibing best practices from internationally renowned existing skill institutions, the institute will facilitate learnings and trainings through strong industry connect in both public and private sectors.

The courses in this institute will include modern training methodologies using digital and augmented learning platforms. It is also an important step towards promoting apprenticeship-embedded courses and offering higher order qualifications leading up to certificates, diplomas and even degrees in conjunction with universities.

The driving force behind setting up a state-of-the-art training institution like the Indian Institute of Skills (IISs) is to help candidates equip themselves with marketable skills.

There is a need to build a skilled workforce equipped with the required skillsets to meet the demand of Industry 4.0, powered by technology like automation, Artificial Intelligence and machine learning, cyber technology, energy conservation etc.

The skill scenario is changing world over, and these institutes will keep us competitive. The setting up of the institute in Mumbai will also cater to aspirations of the youth of Maharashtra eager to become a part of the new-age industrial economy,” he added.

The Government has provided land to the private partner for a period of 25 years for the institute, with comprehensive project reviews every 5 years mapping performance outcome.

Natarajan Chandrasekaran, Chairman, Tata Sons extended his best wishes on the foundation ceremony and said that Tata is privileged to be a part of a project conceptualized by the Hon’ble Prime Minister, himself.

He said that jobs are critical for economic growth and with the current demographic dividend, skill development is the appropriate solution to get the youth productively employed. He said that we need to ensure that latest market relevant skills are imparted to make the youth ready for jobs of the future.

Along with the foundation laying ceremony, the dignitaries also undertook tree plantation today at the National Skill Training Institute campus in Mumbai.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 23 Sep, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Yes
 No
 Can't say
  Commented Stories
» Modi govt unrolls Rs 1.45 lakh cr tax bonanza(1)
» L&T secures Rs.3.44 billion project from Power Grid(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter