Establishing a multidisciplinary human resources development institute under PPP.pptx

Industrial corridors need well-designed multidisciplinary human resource development institutes under Public-Private Partnership

1. Establishing a multidisciplinary human resources development institute under public-private partnership Thanikachalam Vedhathiri [email protected]

2. Impact of Globalization Many developing countries globalized their economy They improved the infrastructure to suit the establishment of new production units by multinational companies (MNCs) MNCs need industry-ready graduates with needed attributes They also look for well-developed engineering institutions that can offer consultancy programs to their companies and train their executives.

3. Public-Private Partnerships Concept of PPP Process of PPP

4. Public-Private Partnership (PPP) Partnerships between private companies and governments provide advantages to both parties Industrial corridors have been established by the government Many companies are established by Multi-National Companies (MNCs) in the corridor A Public-Private Partnership is a long-term arrangement between a government and the private sector institutions PPPs involve collaboration between a government agency and companies in the industrial corrido r

5. Contribution of Engineering Institutions The engineering institutions in the state offered a few consultancy services to the companies in the corridors based on the vacant slots and the availability of experts in that field Many companies desired to avail many executive development programs in the advancements in technology, software, and management However, many institutions could offer desired programs due to shortages of specialists

6. Executive Development Training for the Cement Industry under the World Bank The Ministry of Industry supported the executive development through the DANIDA-CMA-HRD Project Four Regional Training Centers were established in Gujarat Ambuja Cement Company, ACC Jamul-Madhya Pradesh, J K Cements -Rajasthan, Dalmia Bharat- Tamil Nadu National Institute of Technical Teacher Training and Research, Bhopal, and Chennai offered a series of training programs on Planning Part-Time Trainers’ courses

7. Training and Development Training and Development Kinds of Training

8. Limitations of Executive Development Programs under the World Bank Short-term arrangement under the World Bank soft loan Even though four Regional Training Institutes were established, they didn’t serve the long-term needs of the cement industry There are no long-term executive programs These institutes lost their capabilities

9. Long-Term Arrangement for Executive Training Planning PPP Types of PPP

10. Employee Development Courses for Auto Ancillary Companies A few Auto Ancillary Companies received a series of employee development courses from the local Technical Teachers Training Institute There are about 2000 Auto Ancillary There is no single development or institute to offer a series of development programs for needed companies All these demand a Public-Private Partnership in establishing needed Employee Development Programs Auto Ancillary Companies have spread in many industrial hubs in Chennai, Pune, NCR Delhi, and Gujarat

11. Industrial Corridors The Government of India established a series of flowing industrial corridors: Delhi-Mumbai Industrial Corridor Mumbai- Pune- Bangalore- Chennai Industrial Corridor Chennai-Vizag- Kolkata Industrial Corridor Chennai- Tuticorin Industrial Corridor Delhi- North East Industrial Corridor

12. Establishment of Training Institutes under Public-Private-Partnerships in the Industrial Corridors Considering the fast growth of manufacturing companies in various industrial corridors and the recruits, there is a need to establish a set of employee and executive training institutes under Public-Private- Partnerships.

13. What is a Public-Private Partnership ?

14. P P P for Training Institutes in the Industrial Corridors Private companies can finance the establishment of training institutes Land can be leased by the government through a 99-year contract The companies can form a consortium They can plan various executive development programs They can employ experts from well-performing companies, universities, and from overseas if needed The engineering institutes can also use the premises of the training institutes to conduct workshops The engineering students can undergo on-the-job training

15. Benefits of PPP

16. Advantages to the Government Faster growth of the companies Better employment of technical and vocational graduates Institutes can develop joint programs with the companies More collaboration on research and development programs Better return on investments (ROI) More innovations in product development Better maintenance of equipment

17. Executive Development Programs through Universities

18. Memorandum of Understanding The companies in the corridor can develop a memorandum of understanding Can fix the fees for various courses Can establish a hostel for the executives who will undergo the training programs Can fix the honorarium for the experts who conduct the courses Can offer assistance to MSMEs Can eliminate the burnout of the executives Can innovate in product development

19. Organizational Structure of Employee Training Institutes Establish a Board of Governors and Select the best representative of the companies in the corridor as a Chairman of the Board Fix three years as the tenure of the Chairman Rotate the Chairman through consensus Fix two years as the tenure of the members of the Governing Board Include representatives from other companies Include experts from the Technical universities/ Institutes of National Importance Establish an administrative and accounts division

20. Multidisciplinary Institute All the companies can get an advantage through multidisciplinary institute Can become an Innovative institute Can update the product analysis and design Can choose the appropriate manufacturing method Will lead to social innovation Ensure strategies to tackle vulnerabilities, uncertainty, complexity, and ambiguity (VUCA)

21. Other Benefits of PPP Can reduce the operating cost Can improve the regional competitiveness Can train diverse global executives Substantial return on investments Optimum use of public funds Continuous development of human resources Can eliminate industrial sickness

22. Limitations Shortage of multi-disciplinary experts Dependence on the government policies Time taken on institutional development Possible disputes among the sponsoring companies Absence of mutual trust in planning multidisciplinary programs Absence of decentralization Limited linkages with higher education institutes

23. Executives can Enroll in Medium -Term Courses Since the universities are engaged in the PPP, the executives can undergo part-time courses in various advanced topics They can jointly undertake product development and testing They can offer projects to graduate students for their dissertations The executives can assist in developing innovative programs based on the current industrial advancements

24. Management Courses for Executives

25. Planning Executive Development Programs The companies in the corridor can assess the needs of the recruits They can plan, validate, fix the duration, fix the fees, and offer the programs They can co-opt experts from various companies as adjunct trainers They can publish the course materials Employees from other corridors can also be included in short-term courses This will be a win-win strategy

26. Long-term Benefits Creating experts to solve complex problems Developing industry-specific graduates Better linkage with higher education institutes Minimizing the gaps between the industry and educational programs Optimum utilization of modern equipment Minimum expenditure on consultancy projects Improvement in the regional competitiveness

27. Thank You Your Questions, Please