Government Strategy for ITIs to ensure sustainability
The industrial sector in India is taking a great leap keeping in view the global industrial movements. Likewise, the government is taking an active interest in creations of ITIs for creating a long sustaining development. The study involved creating the strategy for ITIs to ensure sustainability in long-term and optimal usage of budget allocated by the government. Also, a skill development program in South India would be planned with an aim to create long-term sustainability through effective industry partnership. Effective ways to create a roadmap to effectively utilize the grant of USD 500K per annum per ITI to college was to be formulated.
Following the developments during the study, we defined and researched the industry catchment areas for each of the ITIs. We assessed the skill set requirement by industries in short and mid-term. And, created an interactive platform between industry and ITI for a clear understanding on requirement and feedback loop. We also defined the roadmap for spending the grant tied with clear RoI.
A huge range of industries were targeted in South-India, ranging from big to small scale and accordingly, a training plan was charted out in coherence with the need of the associated sector. Important precautions were taken while devising the training schedule, keeping in mind the allocated budget by the government. The training was to be a holistic representation of the industry catchment areas and the government's effort in industrial development.
Arrangements were made for industry expert lectures and training sessions, which could give a personal and ground experience, coming straight from the industrialist from different sectors which would be in the long run a power booster for the economic churn of the country. The government's directives were also kept in mind to ensure no violation of any industrial parameter is done as per the global standards. The long-term sustainability would be a symbol of the training module developed and the practical inputs given from the industrialists themselves.
Inferences were drawn from global portfolios as well, so as to devise a plan that is robust and applicable to Indian scenario, suited for Indian diaspora. The industrial sector is in the era of tectonic change considering huge technological advancement inducting into the industrial sector. The industrial development forms a major share of GDP, projecting how training module could change the scenarios altogether. The development has been steadfast in measuring the growth rate positive for most of the sectors, but still, a lot needs to be done. Hence, this study will turn out to be a vital source of a plan of action, putting in momentum the training regimen in perspective, especially in the southern part, which could be a torchbearer for rest of the country, especially in the times to come.
ITIs were able to generate a higher pull from industry on the qualified ITI students. We also prepared a clear SoPs for management on how to operate the industry interactions and the expenses.