There has been a persistent concern in the industry about the gap between the available talent, knowledge pool and its employability. The quality of higher and technical education has a direct impact on industrial growth, infrastructure development and socio-economic advancement of a country. Owing to this, CII northern region organised a regional stakeholders meet recently for an up grade of the ITIs into centres of excellence.
To face the cut-throat competition, workforce needs to constantly upgraded. The recently-announced scheme of centre for the upgradation of 1,396 ITIs through public private partnership (PPP) is another positive step in this direction. Under the proposed scheme, the state government, as the owner of the ITI, will continue to regulate admission and fees while the new management will be given academic and financial autonomy. The centre will provide financial assistance by way of seed money. The finance minister also proposed to grant an interest-free loan of up to Rs 2.5 crore to each ITI for upgradation and revision of courses.
