SIDBI and Islamic University of S&T to promote entrepreneurship in J&K

Awantipora, Apr 8 (KNN) Islamic University of Science and Technology (IUST) on Friday signed MoU with Small Industries Development Bank of India (SIDBI) and Indian Institute of Technology, Jammu.

Sivasubramanian Ramann, (Chairman & Managing Director SIDBI), Prof. Shakil A Romshoo, Vice Chancellor IUST S. S. Acharya (Chief General Manager, SIDBI), S. P. Singh (Chief General Manager, SIDBI), Prof. Manoj Singh Gaur (Director IIP Jammu) attended the signing ceremony.

Congratulating IUST for having established an impactful connection with the industry, Raman said that the ecosystem would help transfer of practical knowledge to the budding industrialists. 

He assured that help will be provided to enrich the entrepreneurship ecosystem.

Raman recommended identification of areas for intervention to strengthen the MSME sector. 

Prof. Shakil A Romshoo, Vice Chancellor IUST said that universities have a critical role to play for nourishing innovation and entrepreneurial spirit among the youth urged the need for collaboration among different institutions to accelerate entrepreneurship ecosystem in the country in order to realize the goals envisioned under “AmritKaal”. 

He outlined the skilling initiatives taken at IUST especially in the areas of high demand such as Photovoltaics, Electrical Vehicles, Green energy etc. to ensure employability of youth and said that IUST will be skilling 3200 youth in Kashmir under the PMKVY 4.0.  (KNN Bureau)