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"Centre of Excellence to come up at five engineering colleges"
"Innovative experiment to take place under PPP mode at engineering colleges of the state"

MOUs signed between Siemens Software Company and Department of Industries

Gujarat Industries Department signed MOUs with Siemens Software Company and other well-known companies for setting up of five centre of excellence in Engineering College for engineering students of Gujarat today in the presence of Chief Minister Narendra Modi. The MOUs were signed during a seminar related to qualitative improvements in higher education at the Mahatma Mandir in Gandhinagar.

The Chief Minister appreciated this project of setting up of centre of excellence on public-private partnership at the cost of Rs. 500 crore. He said that in Gujarat as many as 13 centre of excellence in engineering colleges have been set up so far with the co-operation of private sector. Around 50,000 engineering students will be benefited with the five new centre of excellence.

The MOUs include (1) MOU between Petroleum University, Gandhinagar and Maruti Suzuki and Hero Moto-Corp, (2) MOU between L.D. Engineering College, Ahmedabad and Larsen & Toubro and Tata for the aero space and defense centre of excellence, (3) MOU between IIT Ram Maninagar and ITI Kubernagar and Siemens and L & T for the centre of excellence in industrial machinery, and (5) MOU between Maharaja Sayajirao University, Vadodara and Siemens for industrial automation.

MOUs signed between Siemens Software Company and Department of Industries

Giving details of the MOUs Industries Minister Saurabh Patel said the decision of Germany’s Siemens company about setting up of centre of excellence of such a high skill as a part of it’s corporate-social responsibility will be useful in catering to the demand of skilled-man force in rapidly growing industries sector in Gujarat.

He said that an investment of Rs. 489 crore has been made for setting up of these five centre of excellence, in which the state government will provide Rs. 85 crore. Siemens will manage the centre of excellence for two years and then will entrust it to the state government.

Industries Minister expressed faith that the centre of excellence will be instrumental in providing skilled man-power to the industries and employment opportunities to the youths. The engineering students will be provided software training and will be trained for using latest equipments. The concerned industries partners and Siemens will give certificate after completion of the training, which will increase the employment opportunities even outside of Gujarat for engineering students.

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PM to inaugurate InFinity Forum on 3rd December
November 30, 2021
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The Forum will focus on the theme of 'Beyond'; with various sub themes including ‘FinTech beyond boundaries’, ‘FinTech beyond Finance’ and ‘FinTech Beyond Next’

Prime Minister Shri Narendra Modi will inaugurate InFinity Forum, a thought leadership Forum on FinTech, on 3rd December, 2021 at 10 AM via video conferencing.

The event is being hosted by International Financial Services Centres Authority (IFSCA), under the aegis of Government of India in collaboration with GIFT City and Bloomberg on December 3 and 4, 2021. Indonesia, South Africa and the U.K. are partner countries in the first edition of the Forum.

InFinity Forum will bring together the leading minds of the world in policy, business, and technology to discuss and come up with actionable insight into how technology and innovation can be leveraged by the FinTech industry for inclusive growth and serving humanity at large.

The agenda of the Forum will focus on the theme of 'Beyond'; with various sub themes including FinTech beyond boundaries, with governments and businesses focussing beyond the geographical boundaries in the development of global stack to promote financial inclusiveness; FinTech beyond Finance, by having convergence with emerging areas such as SpaceTech, GreenTech and AgriTech to drive sustainable development; and FinTech Beyond Next, with focus on how Quantum Computing could impact the nature of Fintech industry in the future and promote new opportunities.

The forum will witness participation from over 70 countries. Key speakers at the Forum includes Finance Minister of Malaysia Tengku Mr. Zafrul Aziz, Finance Minister of Indonesia Ms Sri Mulyani Indrawati, Minister of Creative Economy Indonesia Mr. Sandiaga S Uno, Chairman and MD, Reliance Industries Mr. Mukesh Ambani, Chairman & CEO SoftBank Group Corp. Mr. Masayoshi Son, Chairman and CEO, IBM Corporation Mr. Arvind Krishna, MD and CEO Kotak Mahindra Bank Limited Mr. Uday Kotak, among others. NITI Aayog, Invest India, FICCI and NASSCOM are some of the key partners to this year's Forum.

About IFSCA

The International Financial Services Centres Authority (IFSCA), headquartered at GIFT City, Gandhinagar Gujarat, has been established under the International Financial Services Centres Authority Act, 2019. It works as a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, the GIFT IFSC is the maiden international financial services centre in India.