Industrial Training Institute (I.T.I.), Industrial Training Centers Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Working Capital Requirement, Plant Layout, Cost of Project, Projected Balance Sheets, Profitability Ratios, Break Even Analysis
Technical education at all levels in the country is witnessing a consistent growth pattern marked by the setting up of new Institutions and the improvement of the existing ones in tune with the quality assurance norms set by the accreditation agencies. Industrial Training Institutes are post-secondary schools in India constituted under Directorate General of Employment & Training (DGET), Ministry of Skill Development and Entrepreneurship, Union Government to provide training in various trades.
The Indian economy is in the mode of globalization and liberation and thus in need to develop skilled personnel in appropriate numbers with adequate skills, in consonance with the requirements of the ultimate users such as industries and service sectors. The same is being done by Industrial Training Institutes.
Skill India is a campaign launched by Prime Minister Narendra Modi with an aim to train over 40 crore (400 million) people in India in different skills by 2022. It includes various initiatives of the government like “National Skill Development Mission”, “National Policy for Skill Development and Entrepreneurship, 2015”, “Pradhan Mantri Kaushal Vikas Yojana (PMKVY)” and the “Skill Loan scheme”.
With the increasing demand of skilled and semi-skilled low rug professionals in the developed countries, these professionals can also apply for immigration to countries on the basis of demand lists of various professionals released by various countries from time to time and make their fortunes overseas.
The main objective behind opening of ITI’s is to provide technical manpower to the fast emerging secondary sector i.e. industrial sector of the developing and developed economy. These young one’s are trained in basic practical skills required to do jobs in the industry like that of a fitter or lathe operator. The courses in the ITI’s are designed in such a way that they can prove helpful to impart basic skills in the trade specified. The duration of various courses running in the ITI’s can vary from a basic certificate course of one year to an industrial diploma course of three years depending upon the trade opted by the aspirant
The reason behind the huge demand for ITI students as there is a great demand from industry for fitter, machinists, turners, and mechanics in diesel as well as in motor. All these courses are offered at ITI. To achieve this goals, India needs flexible education and training system that will provide the foundation for learning, secondary and tertiary education and to develop required competencies as means of achieving lifelong learning. As a whole it is a good project for new entrepreneurs to invest.
Few Indian Major Players are as under
- Ebrahim Bawany Industrial Training Institute
- K. Institute of Technical Studies
- Ashok Industrial Training Institute
- Beleghata Education Aid Center
- Indus Infotech Industrial Training Centre
- K. Industrial Training Centre
- Foremen Training Institute
- Birsa Industrial Training Centre
- City Industrial Training Institute
- Industrial Training Institute
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Niir Project Consultancy Services
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New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886, 8800733955
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Website : www.entrepreneurindia.co , www.niir.org
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