📺 Stream EntrepreneurTV for Free 📺

The Indian Institute Of Skills Is Here & Ready To Train Future Entrepreneurs Union Minister for MSDE laid the foundation stone of Indian Institute of Skills at Mumbai for students to provide skills in highly specialized areas

By Vinayak Sharma

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

MSDE

In the quest to make India World Skill Capital, Dr Mahendra Nath Pandey, the Union Minister for Skill Development and Entrepreneurship (MSDE), announced the inception of the Indian Institute of Skills (IIS) at Mumbai.

The Institute, which is aimed to provide skill training in highly specialized areas to students who want to pursue technical education after completing Class X and Class XII, would help them in getting employment and making them industry-ready for New India and the global market.

The Ministry is aiming to build world renowned skill training centers similar to reputed institutes such as the IITs and IIMs.

Related Article: https://www.entrepreneur.com/article/339159

Investment & Vision

To elevate the education sector with prominence in advanced skills, Tata Education Development Trust (TEDT) has been first rated as the private partner for establishing IIS at NSTI campus in Mumbai through a competitive bidding process.

According to MSDE, the Tata Group is investing INR 300 Crore in a 4.5-acre campus with the objective to bring the top infrastructure and facilities to students.

Three cities have been handpicked by the Union Ministry to establish the IISs in the country. Mumbai, Kanpur and Ahmedabad are the locations selected for IISs which would give wings to the aspirants' dreams in India. As per the plan, institutes will be built according to the PPP (Public Private Partnership) structure of the government on a non-profit basis.

According to the records, In India, institutes related to the skill polishing or development has not been established in sufficient numbers. Following which, the government in the past years stood at the rear of the records. But now, the Government has charged the education sector with the arrival of Indian Institute of Skills (IIS) in three cities of India to gear up the skilled students of the nation.

Cause

Envisioned as a world class skilled training centre integrated with best practices from well known international skill institutions, the organization will facilitate learning and trainings through strong industry connect in both public and private sectors. IIS is aimed to provide 70 per cent graded placement to around 5,000 students every year.

Courses of the training will include modern training methodologies using digital and augmented learning platforms. The institute is a step towards promoting apprenticeship-embedded courses and offering higher order qualifications leading up to certificates, diplomas and degrees in conjunction with universities.

Inaugurating the institute, Dr Pandey said, "The concept of Indian Institute of Skills was envisaged by the Hon'ble PM Shri Narendra Modi himself when he 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 IIMs that we have in our country."

Vinayak Sharma

Entrepreneur Staff

Correspondent, Entrepreneur India

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Collaboration

5 Ways Solopreneurs Can Scale Their Business Through Collaboration

Our culture loves to perpetuate the myth that entrepreneurs must go it alone. But for many, the path to success is found in collaboration.

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Business News

How Much Do Engineers, Software Developers, and Analysts Make at Apple? See Salary List

Using application data from highly-skilled foreign workers, Insider revealed a range of salaries at the tech giant.

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.