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In Odisha, Centurion University of Technology and Management claims to be an “entrepreneurial university” and a “hub of industries”, where students manage more than 30 domestic companies. production units In technology, engineering, agriculture, aerospace, recycling, pharmacy and various other fields.
Government of India, in coordination with National Education Policy 2020Launched various schemes including Pradhan Mantri Kaushal Vikas Yojana, Skill Loan Scheme, Polytechnic Institute and others under Skill India Mission to promote skill based education.
‘An entrepreneurial university’
Dr. Professor Mukti Kant Mishra, President, CUTM, believes that entrepreneurship is closely linked to two words – enterprise and entrepreneur. “Centurion University is an entrepreneurial space where teaching and learning happens through real-life external laboratories based on market trends,” he said. Livemint.
“Instead of becoming just a job consumer, you need to create job opportunities for others. One should know that an entrepreneur is a person, enterprise is a product and entrepreneurship is a process. To become an entrepreneur you need to understand this concept of 3P’s. This is our way of imparting education at CUTM,” he said.
The CUTM president said that apart from skill-based education, the university also provides indirect financial assistance to aspiring entrepreneurs by offering itself as a “guarantee” to banking institutions.
“We provide them free electricity and equipment here. If anyone wants to become an entrepreneur here, I also negotiate with banks for loans. I am not an official guarantor, but they get a bank loan on my guarantee. If they fail to pay, we stand as a guarantee for them. “We also support local entrepreneurs in growing their businesses.”
Recently Union Education Minister Dharmendra Pradhan Launched several strategic partnerships to bring scale and momentum to the country’s skills ecosystem. He said that these skills initiatives will prepare the youth for 21st century job markets, help them grow as entrepreneurs and contribute to economic growth.
‘Center of Industries’
The classroom buildings are attached with manufacturing units at Centurion University of Odisha, which offers various skill-based diploma, UG and PG courses at no extra cost, with the aim of “connecting through knowledge” and “shaping lives.” giving, empowering communities”.
D. Nageswara Rao, co-founder and vice-president of the university, said CUTM’s pedagogy is 40% classroom education and 60% practical training. “We focus on solving the main issues of society with the help of production while following the latest technology trends.”
CNC Manufacturing, Waste to Wealth, E-Vehicle Manufacturing, Transformer Manufacturing Unit, Wood Engineering Lab, Apparel Manufacturing and Paver Block Manufacturing are some of the major production units that supply products to various companies across the country.
Top buyers include Indian Space Research Organization (ISRO) – high precision components for Chandrayaan mission, Hindustan Aeronautics Ltd. (HAL), DRDO, L&T, Tata PowerGovernment of Odisha, RSB Transmission, Indian Railways, OMFED, Dassault Systèmes and private companies.
‘Financial Stability Model’
Through the in-house industries model, the university claims to earn approx Rs 50 crore in the last financial year, created a different model of revenue generation in the education sector while maintaining the dichotomy of profit and teaching.
DN Rao said, “We are focusing on deepening our relationships with government and private organizations to sell our products so that our students can get real-time experience.”
This January, the Andhra Pradesh government partnered with Centurion University’s Jatni campus for advanced skill development programmes. Rao said the Telangana government is also keen to set up a similar skills training center in the state.
“We invest the money generated from these industries for the expansion of manufacturing units, teaching quality, infrastructure and other facilities for our students,” the Vice President said.
It is pertinent to note that Gram Tarang Employability Training Services (GTET), the social enterprise of the University, secured an order. 17 crores, after this Tata Power got order for 352 transformers. Rs 3.5 crore about two years ago.
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Published: March 25, 2024, 08:51 PM IST
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