Paralakhemundi to have tool room, training centre

In another step to enhance employability and gainful livelihood options in tribals-dominated districts, the State Government has decided to set up a Mini Tool Room & Training Centre (MTRTC) at Paralakhemundi. The MTRTC would be established in the public-private partnership (PPP) mode among the Central and State Governments and a private partner through a Special Purpose Vehicle (SPV). The initial capital of the SPV has been estimated at Rs21 crore.  Chief Secretary Bijoy Kumar Patnaik, who held a high-level meeting here on Tuesday for establishment of the Mini Tool Room & Training Centre in the backward Gajapati district, advised the Industry Department to expedite the process of formulation of detailed guidelines for financial and administrative management of the SPV. The MTRTC would be set up in accordance with the broad guidelines prescribed by the Union Ministry of Micro Small & Medium Enterprises.                                                                               Source: The Pioneer, Panoramio (by devadattarath)