FutureSenseIndia

Tata Technologies to Enhance Technical Education in Tripura with New ITI Upgrade

The Memorandum of Agreement (MoA) between Tata Technologies Limited (TTL) and the Government of Tripura, based on the provided sources:

  • Parties Involved: On November 20, 2024, Tata Technologies Limited (TTL) signed a Memorandum of Agreement (MoA) with the Department of Industries & Commerce, Government of Tripura.
  • Project Objective: The MoA is for an ITI Upgrade project, aiming to upgrade 19 Industrial Training Institutes (ITIs) across Tripura.
  • Project Scope: The project will be carried out in two phases, with the upgrades resulting in the introduction of 6 new long-term trades and 23 short-term courses.
  • Government Support: As part of the initiative, the government will build 13,500 square feet of new infrastructure at each ITI to support the project.
  • Project Duration: The MoA has a duration of 5 years and 9 months, with an option to extend it by an additional 5 years, which may include expanded scope and revised financial terms.
  • Contract Value: The total contract value (TCV) of the project is INR 95.65 Crores (excluding GST), covering the upgrade, training, maintenance, and related services.
  • Nature of the Contract: This is a domestic, deliverable-based contract, and there is no involvement of promoters or related parties in the MoA, making it a non-related party transaction.

The MoA represents a significant partnership between Tata Technologies Limited and the Government of Tripura, aiming to enhance technical education and skill development across the state through the upgrading of its ITIs.

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