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The Tata Group will contribute 86% of the funds: Sushanta

National Spectrum by National Spectrum
November 16, 2024
in Political, Regional
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The Tata Group will contribute 86% of the funds: Sushanta
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Agartala: Nov 16: Tripura is about to witness a significant transformation in its Industrial Training Institutes (ITIs) thanks to a groundbreaking partnership between the state government and the Tata Group. Over the next five years, 19 ITIs will undergo a revolutionary upgrade, enhancing skill development and employability among Tripura’s youth ¹.

The Tata Group will contribute 86% of the funds, while the Tripura government will pitch in with 14% .  Total Investment: A whopping 570 crore 40 lakh rupees will be invested to modernize the training infrastructure across Tripura’s ITIs . Additional Funding: The state government has also secured a loan of 121 crore 87 lakh rupees from NABARD to support this initiative .

Transport Minister Sushanta Chowdhury revealed these details at a press conference, confirming that a memorandum of understanding (MoU) with Tata Technologies is imminent. This partnership will likely focus on providing higher technological know-how to Tripura’s Industries and Commerce department.

The Tata Group’s involvement will undoubtedly bring state-of-the-art technology and expertise to Tripura’s ITIs, empowering the youth with industry-relevant skills .

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