logo
Maha govt to seek help of private companies to upgrade its ITIs

Maha govt to seek help of private companies to upgrade its ITIs

Time of India05-06-2025
1
2
3
Nagpur: To address the growing demand for skilled manpower in emerging sectors like solar energy and electric vehicles, the Maharashtra govt has announced a new policy to upgrade its industrial training institutes (ITIs) through private partnerships.
Speaking at a seminar, skill development minister Mangal Prabhat Lodha said the policy is aimed at transforming govt ITIs into world-class training centres with the active involvement of private industry. "The pace of industrial change is rapid, and new technologies require new skills. We want to equip our youth accordingly," he said.
The minister revealed that the state has 418 govt-run ITIs and nearly 600 in the private sector.
"Training must align with actual job market needs," Lodha added. "We've studied the gaps and launched this policy to overcome gaps by partnering with industry."
Under the scheme, industries, industrial associations, PSUs, and NGOs can adopt ITIs. Tenure options include 10 years with Rs10 crore investment or 20 years with Rs20 crore. MITRA (Maharashtra Institution for Transformation) will act as the strategic partner for implementation.
Lodha assured the govt's commitment to provide technically skilled young manpower through ITIs and urged private companies to come forward with confidence to partner in this modernisation effort.
This initiative involves multiple stakeholders including Ratan Tata Maharashtra State Skill University, Maharashtra State Skill Development Society, and others. Advantage Vidarbha's Ashish Kale expressed hope that the policy will meet the growing demand for skilled manpower driven by new industries in the Vidarbha region, supported by investments encouraged by leaders like chief minister Devendra Fadnavis and Union minister Nitin Gadkari.
Lodha also attended a job fair organised by RTMNU with the District Skill Development Center and Model Career Center, where 19 companies offered jobs to over 300 students. A student app was also launched to help youth access employment and training resources.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bengaluru's public sector undertaking contract workers to join nationwide protest on July 9
Bengaluru's public sector undertaking contract workers to join nationwide protest on July 9

Time of India

time10 hours ago

  • Time of India

Bengaluru's public sector undertaking contract workers to join nationwide protest on July 9

Bengaluru: Several public sector undertakings (PSUs) in Bengaluru could face staff shortages on July 9, as thousands of contract workers plan to join a nationwide protest against the Centre's new labour code. The protest was announced during a convention held at Gandhi Bhavan by the Govt and Public Sector Non-Permanent Workers Joint Forum (Bengaluru), with the participation of workers from HAL, BEML, BEL, DRDO, BWSSB, Karnataka Soaps and Detergents Limited, and others. Forum leaders said nearly 23,000 contract workers are affected in Bengaluru alone. Many have served over 15 years, yet remain on temporary rolls. They argue the new labour code weakens job security, eases hiring and firing, and restricts union rights. Their key demands include regularising Group C and D roles, revising the minimum wage to Rs 42,000, and removing the Rs 23,000 cap under the ESI Act. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Chandrashekar of the HAL Contract Workers Association said the govt avoids regularisation of jobs to cut costs, despite rising inflation. Women workers highlighted poor facilities, unsafe commutes, and a lack of workplace dignity. The rally will begin at Town Hall and culminate at Freedom Park, aiming to spotlight the worsening conditions of outsourced and temporary workers in PSUs and government offices.

5 lakh consumers opt for e-bills, MSEDCL saves Rs6 crore annually
5 lakh consumers opt for e-bills, MSEDCL saves Rs6 crore annually

Time of India

time10 hours ago

  • Time of India

5 lakh consumers opt for e-bills, MSEDCL saves Rs6 crore annually

Nagpur: In a significant step towards promoting eco-friendly practices, over five lakh electricity consumers across Maharashtra enrolled in Maharashtra State Electricity Distribution Company Ltd's (MSEDCL) 'Go-Green' initiative. By opting out of printed electricity bills and choosing to receive them via email and SMS, these environmentally conscious citizens are not only contributing to sustainability but also collectively saving more than Rs6 crore every year. As of June 30, 5.03 lakh low-tension category consumers joined the voluntary scheme. Under this initiative, each participating consumer receives a one-time discount of Rs120 on their electricity bill, which earlier was given as Rs10 per bill over a year. The full discount is now directly credited in the very first bill after enrollment. MSEDCL said that the initiative, launched to reduce the use of paper in bill printing, gained steady momentum in all regions of the state. "Western Maharashtra has seen the highest participation with 2.01 lakh consumers, followed by Konkan with 1.13 lakh, North Maharashtra with 70,226, Vidarbha with 63,731, and Marathwada 55,351. Collectively, these regions have accounted for savings of over Rs 6.04 crore annually," said MSEDCL. Mahavitaran's chairman and managing director, Lokesh Chandra, encouraged more consumers to join the digital shift, stating that contributing to this green initiative is a simple yet impactful way to support environmental preservation. The Go-Green facility can be accessed online through the official Mahavitaran website and mobile app. Once enrolled, consumers receive their electricity bills directly via their registered email and mobile numbers. The system ensures timely delivery of bills, and those who make payments within seven days of bill generation are also eligible for an additional 1% rebate. The digital format also allows consumers to store soft copies of their bills and access up to 12 months of billing history on MSEDCL's portal, with the option to download or print copies. The increasing response to the Go-Green campaign highlights a growing public awareness about sustainability and the ease of managing electricity bills digitally.

Is the PSU party just beginning? Where to look for next leg of growth
Is the PSU party just beginning? Where to look for next leg of growth

Economic Times

time16 hours ago

  • Economic Times

Is the PSU party just beginning? Where to look for next leg of growth

India's PSUs have delivered a strong turnaround since the pandemic, with FY20–25 PAT CAGR at 36%, outpacing private firms. Despite FY25 earnings consolidation, PSU banks led growth. Valuations have moderated, but fundamentals remain robust. BEL and HAL are well-positioned with strong order books and policy tailwinds, supporting double-digit earnings growth over FY25–27. Tired of too many ads? Remove Ads BEL: Target Rs 410 Tired of too many ads? Remove Ads HAL: Target Rs 5,650 (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) India's public sector undertakings (PSUs) have emerged as a compelling turnaround story in the post-Covid era. Backed by structural reforms, policy tailwinds, and prudent capital allocation, PSUs delivered a stellar 36% PAT CAGR over FY20–25—outperforming the private sector's 26% CAGR—and drove a strong re-rating across the board. The BSE PSU Index posted a 32% CAGR over the same period, led by strength in BFSI, capital goods, and marked a phase of earnings consolidation, with PSU profits declining 2% YoY due to a high base effect and weak oil & gas (O&G) sector performance. Excluding O&G, PSU earnings grew 16% YoY. PSU banks remained the dominant driver, with a 26% YoY profit increase driven by lower credit costs and improved asset quality. Notably, PSUs' share in India Inc.'s total profit pool rose to 37.5% in FY25—up from 20% in FY20—highlighting their expanding relevance in India's corporate earnings multiples have moderated post the FY24 peak, with the BSE PSU Index trading at 11.7x forward P/E in June 2025—down from 13.8x in July 2024 but above the historical average of 9.9x. The sector's ROE remains strong at 16%, and the contribution of loss-making PSUs to total profits has dropped to just 1%, down from 45% in FY18—signaling improved operational forward, PSU earnings are expected to grow at a 10% CAGR over FY25–27, led by BFSI (53% of incremental profit), O&G (20%), and metals (12%). Renewed government capex, Make-in-India momentum, and strong order flows in defence and infrastructure remain key tailwinds. Bharat Electronics (BEL) is poised for strong growth, backed by a robust INR 270 billion order pipeline and strong tailwinds from defence indigenization. The company expects 15% revenue growth in FY26, led by the execution of large orders such as QRSAM and next-gen corvettes, ensuring healthy revenue visibility through R&D investments, enhanced localization, and a strong, debt-free balance sheet with INR 94 billion in cash enable margin resilience and room for capacity expansion. We expect revenue/PAT/EPS CAGR of 17%/16%/19% over FY25– was also among the top five gainers in PSU market cap rankings in FY25, reflecting investor conviction in the capital goods-led PSU growth posted a resilient FY25 with 10% YoY PAT growth, supported by improved margins and normalization of provisions. Despite conservative 8–10% revenue growth guidance, HAL's robust INR 1.8 trillion order book and resolution of engine supply issues for Tejas Mk1A aircraft support execution momentum. The company aims to deliver 12 LCA aircraft in model a revenue/PAT CAGR of 21%/14% over FY25–27, supported by stable EBITDA margins (~29%), strong cash flows, and manageable capex. HAL has also climbed to the 3rd spot among PSUs by market cap in Jun'25, highlighting sectoral leadership and sustained investor interest.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store