On Wednesday, the foundation stone was laid for the Karnataka German Technical Training Institute (KGTTI) in Udyambag, with the intention of skilling 4,000 youth annually. Speaking at the event, Skill Development Minister Dr. CN Ashwath Narayan stated that the multi-skill training centre would be built at a cost of Rs. 15.5 crores and would offer 30+ courses, focusing on emerging technologies such as electric vehicles, machine learning, and robotics.
Dr. Narayan highlighted the importance of the centre, noting that the manufacturing sector has advanced significantly and that the centre would train youth to meet global industry needs. He also emphasized the importance of skilling youth to take advantage of the employment opportunities in Karnataka, and the need for India to not miss out on the opportunities of the fourth industrial revolution.
Dr. Narayan further noted that Bengaluru-based companies are handling 50% of the stock trade in the country, and that Fintech companies in the state will play a crucial role in handling financial services in the next five years. He also predicted that companies from the state will become frontrunners in edu, meditech, and other domains.
Belagavi South MLA Abhay Patil, Rajyasabha Member Eranna Kadadi, and others were present at the event.