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| Youth will help to strengthen system in service sectors like banks, post offices : LG | | |  Early Times Report
JAMMU, Apr 12: To Promote Invention, Innovation, and Incubation under the mentorship of industry pioneers and strengthen the ecosystem of entrepreneurship and skill development through Industry-Academia partnerships, Lieutenant Governor Manoj Sinha today inaugurated the Centre for Invention, Innovation, Incubation, and Training (CIIIT) at Government Polytechnic, Bikram Chowk established at a cost of Rs 181.56 crore.
Congratulating the officials of CIIIT Jammu and TATA technologies, the Lt Governor said that the promise that was made by him on 7th December last year, during the inauguration of CIIIT Baramulla for speedy completion of the Jammu centre, has been fulfilled.
"With the completion of this centre now, the youth of Jammu division will also get training as per the new technologies for upscaling of their skill sets. It has come at a time when the dynamics of industry requirements are changing rapidly due to continuous advancements being made in today's global technological era", he added
Jammu, which is known as the city of temples, will now also be identified as the City of Institutions with the establishment of IIT, IIM, Central University, AIIMS, and other educational institutions. It is one of the unique places in the country which has so many top quality institutions, he continued.
The Lt Governor said that the pace with which human power and technology is changing, it is very difficult to put in words. According to a data, every month 10 innovations are happening in the world which changes the requirements of Market. Today, engineering graduates also have to upgrade their skill sets according to the need of Market, and it is very important in industrial sector of the post covid world.
All these changes the world is undergoing are possible because of the fourth Industrial Revolution (Industry 4.0). The ways of traditional manufacturing are moving towards digital transformation in which intelligent robots, Drone, Sensors, 3D printing, Artificial Intelligence play an important role. The basis of Industry 4.0 is cyber and physical production system, where real and virtual worlds are merged and work together, he continued.
The Lt Governor said that during 2019-20, an investment of Rs 28,36,661 crore was done in the Manufacturing sector and under campaigns of Make In India and Atmanirbhar Bharat, it is estimated that in the coming four years a total of 100 million new jobs would be created in the manufacturing sector alone which would amount to 25 % of the GDP share.
The new Industrial Scheme of Rs 28,400 crore approved by Prime Minister for J&K UT has been formulated with utmost attention to attract as many Industries as possible. This scheme will take industrial development to block-level in Jammu and Kashmir, said the Lt Governor.
The Lt Governor observed that it is for the first time that any industrial incentive scheme of the Government of India is striving for balanced industrial development across the UT. Encouraging new investment, the new scheme will also strengthen the existing industries in Jammu and Kashmir and increase their capacity.
Citing the report of the Global Innovation Index 2020, the Lt Governor said that India with strong start-up eco system is third in the world after the US and England. Under the leadership of the Prime Minister, our country has emerged as a big hub of start-ups. 70 start-ups have started in Jammu and Kashmir, he added.
Giving examples of success stories the Lt Governor made a mentioned of Akash, an alumnus of Sri Mata Vaishno Devi University who has started a company to make fuel-saving innovative products in the automobile sector with his friends. He also spoke about Vivek of Jammu who has started a company to design new types of workplaces and Ashaq of Srinagar who is working on the Robo drone. |
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