The Budget has turned the spotlight on skill development as a tool for employment generation, with the FM's emphasis on upgrading 1,000 Industrial Training Institutes (ITIS). Your assessment?
The Union Budget has brought back the focus on ITIs, which have been the foundation of the long-term (skill) training in the country. With the changing times, the ITIS need an upgrade.
We also have to break the conundrum wherein states are incentivised [to improve the ITIS]. This scheme shows the central government's thrust on skilling and highlights the role industry and states have to play in this regard.
What will the modalities of this scheme be? Has the ministry prepared a blueprint for the same?
Our ministry is planning to undertake one-on-one consultations with industry associations in key sectors. For example, [with] Tata Projects, L&T, Credai for the construction sector, green energy, textiles and garments, advanced manufacturing, heavy engineering, automobiles, process industry, electronics, and telecom. These consultations will be essential for the synthesis of the scheme to ensure optimum funding, improve state and industry participation, and prepare detailed guidelines. A state government will also be consulted extensively over the coming weeks to seek inputs. There will be 200 ITIS developed as hubs, while 800 will be developed as spoke, connected with five National Skill Training Institutes.
Previously, there were attempts to improve ITIs. How is this new programme different?
Denne historien er fra August 08, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 08, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
L&T bags over ₹15,000 cr NTPC order for thermal power plants
This is one of the biggest order wins for the company in the domestic market
States' borrowings at 60% of Dec target
Officials say lower borrowings a sign of prudent fiscal management
Nykaa profit up 66% on beauty, fashion biz
FSN E-Commerce Ventures, the parent company of beauty and fashion brand Nykaa, on Tuesday reported a 67 per cent rise in its net profit to ₹13 crore for the second quarter of financial year 2025 (Q2FY25), compared to ₹7.8 crore in the year-ago period.
Zydus profit rises 14% to ₹911 crore
Ahmedabad-based Zydus Lifesciences on Tuesday reported a 13.8 percent year-on-year (Y-o-Y) increase in consolidated net profit for the September quarter (Q2FY25), reaching ₹911.2 crore, up from ₹800.7 crore recorded in the same quarter last year.
It's clear the PV market in India won't grow fast
R C BHARGAVA, chairman of Maruti Suzuki India, projects 3-4 per cent growth for India's passenger car market, citing affordability challenges in an interview with Surajeet Das Gupta in New Delhi. Maruti's first electric vehicle (EV), the Vitara, will be exported first, with an Indian launch in mid-2025. Bhargava underscores the need for higher localisation and design changes to make affordable EVs for India. Despite Chinese competition, Bhargava is confident about Maruti's edge. Edited excerpts:
Britannia to remain focused on driving mkt share
Britannia Industries on Tuesday said that it remained focused on its strategy on driving market share while sustaining profits.
RIL to invest ₹65K cr in 500 CBG plants in Andhra Pradesh
Foundation for this maiden biofuel project in the state will be laid on December 28 at Kanigiri in Prakasam district
'We're now in the era of speed of doing business'
The Andhra Pradesh government on Tuesday signed a memorandum of understanding (MoU) with Reliance Industries under which the conglomerate will invest ₹65,000 crore to set up 500 compressed biogas plants in the state in five years.
Hyundai PAT down 16°Io in lst results after listing
Carmaker's revenue falls on weak market sentiment, geopolitical factors
Pent-up demand for cars now over; growth will be only 3-4%
Last week, Maruti Suzuki launched the e Vitara in Milan, heralding its entry into the electric vehicle space, even as overall domestic market sales were muted after a two-year dream run. R C BHARGAVA, chairman of the company, discusses the reasons for the slowdown and their strategy in the EV market in an interview with Surajeet Das Gupta in New Delhi. Edited excerpts:
