Global engineering and product development digital services firm Tata Technologies Ltd on Wednesday said it has entered into a collaboration with the Assam government to transform 34 state polytechnics and 43 Industrial Training Institutes (ITIs) into futuristic Centres of Excellence (CoEs) entailing an investment of about Rs 2,390 crore.
The company has signed a Memorandum of Agreement (MoA) with the Assam government for a period of 10 years for the purpose, Tata Technologies said in a statement. Post upgradation, these COEs will not only cater to the advanced skill requirements of students aligned to the key industries in Assam, but also act as a technology and industrial hub for MSMEs and support entrepreneurship.
Commenting on the collaboration, Tata Technologies Chairman Subramanian Ramadorai said technology is evolving rapidly and there is huge shortage of skilled manpower. To keep pace with these evolving technological trends, and lateral shift towards Industry 4.0-powered smart business operations, it is imperative to train the youth on latest technologies by upgrading the state polytechnics and ITIs in the country.