NMIMS signs seven MoUs with corporates to produce skilled manpower

Focus to be on skilled human resource development across agriculture and allied sectors

SVKM’s Narsee Monjee Institute of Management Studies (NMIMS) has signed memoranda of understanding (MoUs) with seven leading corporations across various sectors.

The major objective of these MoUs is to produce skilled manpower across various sectors and thus fill the human resources gap between the growing demand and stagnant supply.

The MoUs were signed between NMIMS and the seven corporate that include The International Crops Research Institute for the Semi-Arid-Tropics (ICRISAT), Patancheru (Telangana), Sri Bioaesthetics Private Limited, Hyderabad, Varsha Bioscience, and Technology India Technology Pvt. Ltd, Hyderabad, Tripura Biotech Limited, Hyderabad, Prathista Industries Limited, Hyderabad, Agri Life, Sangareddy (Telangana), and Vaishnavi Biotech Limited, Hyderabad.

As part of the MoUs, applicable for all campuses, and these corporate, parties will collaborate in imparting training and consulting services to prepare technical and managerial manpower.

Under the agreement, NMIMS Campuses and these corporates will promote “academic and research collaboration in mutually accepted subjects, facilitate student and faculty exchange or visits, knowledge sharing and organise joint workshops, seminars, conferences and training programmes.

Dr. Tapan Kumar Panda, Director NMIMS, Hyderabad, said: “I thank all my partners for giving NMIMS this opportunity to contribute to human resource and skill development for the country’s agriculture sector. As India leapfrogs from an import reliant a few decades ago in agriculture to becoming self-reliant and then huge strides in the export of value-added products, there will be an enhanced and continuous need for skilled manpower. We seek to fill in this gap by creating a symbiotic relationship with all my partners in various spheres of academics, research, and training across all sectors.”

Agriculture sector ranks second toward contributing to state GDP (SGP). The share of agriculture in total employment has jumped to 39.4% whereas manufacturing has dropped to 7.3%. Unemployment rates in rural and urban areas are estimated to be 1.3% and 6.9%. The unskilled workforce in Agriculture is 85% v/s the global average of 44%.

As per a release issued by NMIMS, this industry-academia partnership will ensure consistent supply of high skilled workforce in the fast emerging agribusiness and agri tech sector in Telangana.

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