Foundation stone of Indian Institute of Skills (IIS) was laid at Mumbai yesterday to provide skill training in highly specialized areas to students who want to pursue technical education after completing Class X and Class XII, making them employable and industry ready for the New India and the global market. The vision behind setting up IIS was to build world-class skill training centres in line with reputed educational institutes like Indian Institute of Technology (IIT) and Indian Institution of Management (IIM), with first-hand learning facilities from internationally renowned existing skill institutions.
The Union Cabinet had given its nod to set up Indian Institute of Skills (IISs) in three locations of the country — Mumbai, Ahmedabad and Kanpur, to give wings to the Skill India Mission. These institutes will be constructed & operated on a PPP (Public-Private Partnership) model and in not-for-profit basis.
Tata Education Development Trust (TEDT) was selected as the private partner for setting up IIS at NSTI campus in Mumbai through a competitive bidding process. The Tata Group is investing about Rs. 300 crore in the 4.5 acres campus that aims to bring best-in-class infrastructure and facilities to students. The aim of the Institute is to ensure that 5000 trainees will be passing out every year with 70% placement opportunities.
Envisaged as world-class skill training center imbibing best practices from internationally renowned existing skill institutions, the institute will facilitate learnings and trainings through strong industry connect in both public and private sectors. The courses in this institute will include modern training methodologies using digital and augmented learning platforms. It is also an important step towards promoting apprenticeship-embedded courses and offering higher order qualifications leading up to certificates, diplomas and even degrees in conjunction with universities.
The Government has provided land to the private partner for a period of 25 years for the institute, with comprehensive project reviews every 5 years mapping performance outcome.