CCEA to set up committee on Sterlite’s call for acquiring shares in BALCO

November 14th, 2007 - 2:50 am ICT by admin  
The CCEA decided to constitute a Committee of Secretaries comprising Secretaries of Department of Legal Affairs, Department of Disinvestment and Ministry of Mines for finalizing government’s position from time to time considering the legal issues as and when the need arises.

At its weekly meeting here, the CCEA also gave its in-principle approval for Implementation of Central, Centrally Sponsored Scheme “Upgradation of 1396 Government ITIs through Public Private Partnership” for the XI Plan period.

The approval was given in a bid to improve the quality of vocational training in the country and make it demand driven so as to ensure better employability of the graduates.

The CCEA also approved implementation of the scheme for one year for the first batch of 300 ITI at a total cost of Rs.774.50 crore. Out of Rs.774.50 crore, Rs.750 crore will be used for upgradation of 300 ITIs and Rs.24.5 crore will be used for management, monitoring and evaluation of the scheme.

Under the Public Private Partnership mode, for each ITI to be upgraded, an Industry Partner will be associated to lead the process of upgradation. The Industry Partner will be selected by the State Government in consultation with the Industry Associations. An Institute Management Committee (IMC) will be constituted for each selected ITI.

The IMC will consist of industry partner or his representative, as the Chairperson, four members from local industry to be nominated by the industry partner, five members to be nominated by the State Government, and Principal, ITI as ex-officio member Secretary of the IMC.

After the approval, 300 selected ITIs will be upgraded through Public Private Partnership. Industry partner will be involved in all aspects of training from development of curriculum to trade testing.

Academic and financial autonomy given to the ITIs will improve their internal and external efficiency. The demand driven and improved quality of training will lead to better employability of ITI graduates. (ANI)

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |