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In Odisha, the Centurion College of Know-how and Administration claimed to be an “entrepreneurial college” and a “hub of industries” the place college students handle over 30 in-house production units throughout varied sectors like know-how, engineering, agriculture, aerospace, recycling, pharmacy, and extra.
The Authorities of India, aligning with the National Education Policy 2020, launched varied schemes together with Pradhan Mantri Kaushal Vikas Yojana, Talent Mortgage Scheme, Polytechnic Institute, and extra below the Talent India Mission to spice up skill-based schooling.
‘An entrepreneurial college’
Dr. Prof Mukti Kanta Mishra, President of CUTM believes that entrepreneurship is carefully related to two phrases – enterprise and entrepreneur. “Centurion College is an entrepreneurial area the place instructing and studying occur via real-life exterior labs primarily based available on the market traits,” he informed LiveMint.
“As an alternative of being only a job client, it is advisable create job alternatives for others. One ought to know that an entrepreneur is an individual, enterprise is the product and entrepreneurship is the method. It’s worthwhile to perceive this idea of the three Ps to be an entrepreneur. That is our manner of delivering schooling at CUTM,” he stated.
In addition to skill-based schooling, the college presents oblique monetary help to aspiring entrepreneurs by presenting itself as a “assure” to banking establishments, the CUTM President stated.
“We offer them freed from value electrical energy and instruments right here. I additionally negotiate with the banks for loans if anyone desires to be an entrepreneur right here. I’m not an official guarantor, however they get financial institution loans on my assure. In the event that they fail to pay again, we stand as a assure for them. We additionally help native entrepreneurs to reinforce their companies,” he added.
Lately, Union Training Minister Dharmendra Pradhan has launched a number of strategic partnerships to convey scale and velocity to the nation’s ability ecosystem. He stated these skilling initiatives will put together the youth for Twenty first-century job markets, assist them thrive as entrepreneurs, and contribute to financial development.
‘Hub of industries’
Classroom buildings are intertwined with manufacturing models at Odisha’s Centurion College which presents varied skill-based diploma, UG, and PG programs at no extra value, aiming at “connecting via data” and “shaping lives, empowering communities”.
D. Nageswara Rao, co-founder and vice-president of the college stated CUTM’s pedagogy is 40% classroom studying and 60% sensible coaching. “We concentrate on resolving core problems with the society with the assistance of manufacturing – following the most recent know-how traits.”
CNC Manufacturing, Waste to Wealth, E-Car Manufacturing, Transformer Manufacturing Unit, Wooden Engineering Lab, Attire Manufacturing, and Paver Blocks Manufacturing are among the main manufacturing models that offer merchandise to completely different corporations throughout the nation.
High consumers embody the Indian Area Analysis Organisation (ISRO) – high-precision parts for the Chandrayaan mission, Hindustan Aeronautics Restricted (HAL), DRDO, L&T, Tata Power, Authorities of Odisha, RSB Transmission, Indian Railways, OMFED, Dassault Programs, and personal corporations.
‘Monetary sustainability mannequin’
By the in-house industries mannequin, the college claimed to have earned roughly ₹50 crore within the final fiscal 12 months, drawing a distinct mannequin of income era within the schooling sector whereas sustaining a paradox of revenue and instructing.
“We’re centered on deepening our ties with authorities and personal organizations for promoting our merchandise in order that our college students can get real-time expertise,” stated DN Rao.
This January, the Andhra Pradesh authorities partnered with Centurion College’s Jatni campus for superior ability improvement applications. Rao added that the Telangana authorities has additionally been desirous to arrange an analogous ability coaching heart within the state.
“We make investments the cash generated from these industries, to develop the services for our college students by way of manufacturing models, instructing high quality, infrastructure, and extra,” the Vice President stated.
It’s pertinent to notice that Gram Tarang Employability Coaching Companies (GTET), the college’s social enterprise, grabbed an order for ₹17 crore, adopted by Tata Energy’s order for 352 transformers price ₹3.5 crore about two years in the past.
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Revealed: 25 Mar 2024, 08:51 PM IST
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