Govt approves scheme for setting up Indian Institute of Skills in PPP model

This was informed by Ravi Shankar Prasad, Minister for Electronics and Information Technology and Law & Justice, after the Union Cabinet gave its approval for the same

Ravi Shankar Prasad
Union Law Minister & IT Minister Ravi Shankar Prasad speaks as Karnataka BJP President B S Yeduyurappa looks on during a press conference in Bengaluru (Photo: PTI)
Press Trust of India New Delhi
Last Updated : Oct 24 2018 | 4:25 PM IST

The government Wednesday approved a scheme for setting up of Indian Institute of Skills (IISs) at different locations across the country in public private partnership (PPP).

This was informed by Ravi Shankar Prasad, Minister for Electronics and Information Technology and Law & Justice, after the Union Cabinet gave its approval for the same.

The PPP model will be explored for promotion of IIS at select locations based on demand and available infrastructure.

The setting up of IISs would augment the global competitiveness of key sectors of Indian economy by providing high quality skill training, applied research education and a direct and meaningful connection with industry, an official release said.

"It will provide opportunity to aspiring youth across the country to have access to highly skilled training, and enhance the scope of accountability through its linkage with industry and global competitiveness across sectors," it said.

The release further said that by leveraging advantages of private sector enterprise and public capital in terms of government land, it would create new institutes of expertise, knowledge and competitiveness.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 24 2018 | 2:50 PM IST

Next Story