MP: New Delhi, Oct 25 (ANI): The Cabinet Committee on Economic Affairs
(CCEA) today considered the Call Option Notice given by Sterlite
Industries to acquire 10,81,06,005 equity shares held by the
Government of India in BALCO.
The CCEA decided to constitute a Committee of Secretaries comprising
Secretaries of Department of Legal Affairs, Department of
Disinvestment and Ministry of Mines for finalizing government's
position from time to time considering the legal issues as and when
the need arises.
At its weekly meeting here, the CCEA also gave its in-principle
approval for Implementation of Central, Centrally Sponsored Scheme
"Upgradation of 1396 Government ITIs through Public Private
Partnership" for the XI Plan period.
The approval was given in a bid to improve the quality of vocational
training in the country and make it demand driven so as to ensure
better employability of the graduates.
The CCEA also approved implementation of the scheme for one year for
the first batch of 300 ITI at a total cost of Rs.774.50 crore. Out of
Rs.774.50 crore, Rs.750 crore will be used for upgradation of 300 ITIs
and Rs.24.5 crore will be used for management, monitoring and
evaluation of the scheme.
Under the Public Private Partnership mode, for each ITI to be
upgraded, an Industry Partner will be associated to lead the process
of upgradation. The Industry Partner will be selected by the State
Government in consultation with the Industry Associations. An
Institute Management Committee (IMC) will be constituted for each
selected ITI.
The IMC will consist of industry partner or his representative, as the
Chairperson, four members from local industry to be nominated by the
industry partner, five members to be nominated by the State
Government, and Principal, ITI as ex-officio member Secretary of the
IMC.
After the approval, 300 selected ITIs will be upgraded through Public
Private Partnership. Industry partner will be involved in all aspects
of training from development of curriculum to trade testing.
Academic and financial autonomy given to the ITIs will improve their
internal and external efficiency. The demand driven and improved
quality of training will lead to better employability of ITI
graduates. (ANI)
