He also agreed the proposal of Centrally-sponsored Domestic Funding Scheme in which five ITIs would be given Rs 1.6 crore each. Mr Reddy agreed the World Bank-funded vocational training improvement project under which 20 ITIs would get Rs three crore each and also the Public Private Partnership mode of Centre of Excellence under which 43 ITIs would be getting Rs 2.5 crore each.
The Chief Minister said an industry partner would be associated with every ITI to lead the process of upgrading it as the Centre of Excellence. The Institute Management Committee headed by the industry partner would be a registered society with academic and financial autonomy. The society would prepare the Institute Development Plan, which would be approved by the National Steering Committee headed by the Union Ministry of Labour and Employment, Secretary, according to the release.
Dr Reddy said an MoU would be signed between the Centre and state governments and the industry partner defining the roles and responsibilities. Under the Public Private Partnership mode, the Centre would provide interest free loan of Rs 2.5 crore to each ITI, the release added.