Ranchi, Sept. 24: In a significant development, Ranchi-based Management Training Institute (MTI), the apex human resource development centre of Steel Authority of India Limited (SAIL), today signed a memorandum of understanding with leading business school, Indian Institute of Management (IIM), Ahmedabad, “to meet the challenges of SAIL's ongoing modernisation and expansion programmes”.
The MoU as signed by S.P. Patnaik, executive director (HRD), MTI, SAIL and S.K. Barua, director, IIM, Ahmedabad in the presence of G. Ojha, director (personnel), and Gautam Mukherjee, executive director (personnel and administration), SAIL at Ispat Bhavan, New Delhi.
Official sources told The Telegraph that under the MOU, IIM Ahmedabad would provide faculty support for SAIL training programmes, SAIL would share its experience with IIM, Ahmedabad, both the organisation would undertake joint research work and share literature and libraries.
MTI, Ranchi, executive director, S.P. Patnaik revealed that in order to keep SAIL managers updated with latest management concepts SAIL has already joined hondswith Management Development Institute (MDI), Gurgaon , Indian Institute of Management, Indore and Indian School of Mines University, Dhanbad.
The MoU caps SAIL’s golden jubilee production year. The steel production first commenced on February 3, 1959 at the Rourkella Steel Plant.
Insiders revealed that the MoU was a part of the experiment that aims at making MTI a profit centre of SAIL. Whilst efforts are on to forge tie ups with foreign universities, MTI has already signed an MoU, worth Rs. 7 crore, with the union ministry of steel to provide advanced training to senior managers and shop floor personnel of over 1450 steel re-rolling mills and small and medium enterprises.