Ranchi, Apr 16
The Central University of Jharkhand (CUJ), Ranchi, will collaborate with the National Institute for Entrepreneurship and Small Business Development (NIESBUD), an autonomous institution under the Union ministry of skill development and entrepreneurship, to promote entrepreneurship in technical and professional education.
An MoU was recently signed between Poonam Sinha, director OD NIESBUD, The National Institute for Entrepreneurship and Small Business Development (NIESBUD), Professor Kshiti Bhusan Das, Vice-chancellor of CUJ, and Dr Devdas Laata, head, department of energy engineering, CUJ; in the presence of Rajesh Aggarwal, Secretary, Ministry of Skill Development and entrepreneurship.
The primary objective of the MoU is to combine the strengths of NIESBUD and CUJ towards the sustained development of entrepreneurial skills, entrepreneurship education, and facilitating training in Jharkhand. The collaboration is aimed at creating a conducive environment to promote entrepreneurship on and off campus through a series of mutually agreed, collaborative and value-added programs, policies, and curriculam.
Under the partnership, both NIESBUD and CUJ will work together to boost Jharkhand’s entrepreneurship ecosystem. This will be achieved by extending their respective institutional expertise in terms of technology, knowledge, management, and resources. In addition, the institutions will organize a trainer’s training program in entrepreneurship skills and education. By working together, both institutions will create proposals and a trainer’s training program for The Indian Technical and Economic Cooperation (ITEC) countries. Joint events such as seminars/workshops/outreach programs will also be organized to encourage students to understand the intricacies of entrepreneurship.
The partnership will enable the exchange of best practices and provide access to resources and knowledge repositories on request within the institutional capacity for better design of new programs and policies in entrepreneurship.
“Jharkhand has become a hub for start-ups over the last decade. The number of emerging enterprises has grown and has slowly made room for several manufacturing and service-oriented companies. It has made a notable contribution to the flourishing of the state’s economy, ensuring ease of doing business. Entrepreneurs are the drivers of the nation’s economy; they stimulate development and employment. Inculcating entrepreneurial skills and spirit into the budding innovators of tomorrow is a part of the national push towards making India a hub of innovation,” said Rajesh Aggarwal, Secretary, Ministry of Skill Development and Entrepreneurship.
“The partnership promises to create a conducive ecosystem for emerging entrepreneurs, which will enhance the country’s research and industrial development as well. With initiatives like these, the ministry is sprinting towards self-reliance and actively co-designing new policies and curricular programs to foster innovation and entrepreneurship in technical and professional education in India,” he added.
The MoU will be valid for a period of five years. Both institutions will appoint appropriate representatives as needed and by the MoU’s expectations to support proper planning, review, and implementation.
CUJ will be a hub of skill development and start-ups for the entire region, especially Jharkhand. The young tribal students can be empowered through this intervention. Cluster development, agribusiness, health and wellness, and small enterprises development will be taken up from session 202-23. NSID and SIDBI will also join in this endeavor. This brings a turnaround in the regional economy that will be visible within three years.