Bhubaneswar: NTPC Ltd on Saturday signed a memorandum of understanding (MoU) with the Odisha government for setting up of an Industrial Training Institute (ITI) at an investment of 7.72 crore in Ganjam district.

The ITI would come up at Bhusanda in Shergarh area of Ganjam district and is expected to be operational during 2016-17.

NTPC regional executive Arvind Kumar and Pramod Kumar Panda, director of Technical Education and Training, signed the MoU in the presence of chief minister Naveen Patnaik.

According to the agreement, the state government will provide suitable land at the location free of cost to NTPC for the purpose. The ITI will be constructed by the NTPC with the capital expenditure of 7.72 crore that includes the cost of civil work for workshop, academic building, hostel building as well as plant and machineries for a strength of 200 students.

The proposed ITI will have advanced vocational training facilities in manufacturing, automobile, electricals and others to cater the high-end finishing skill training need of trained candidates, training of trainers with support of NTPC and the state government. PTI