IIM Udaipur Signs MOU with RIICO for Skill Development


New Delhi: IIM Udaipur has signed a pact with Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) – a Government of Rajasthan undertaking to become the knowledge partner for the FinTech Park, Jaipur.

IIM-U Director, Prof Ashok Banerjee, and RIICO Managing Director Shivprasad Nakate signed the MOU.

The Indian Institute of Management (IIM) Udaipur will prepare an extensive plan of innovative skill development training programmes for officials of RIICO (called Capacity Building Programs) and for the executives of companies that set up offices in FinTech Park. IIMU will also extend support in developing incubation facilities for FinTech startups at the FinTech Park.

"IIM Udaipur, through this MoU, has demonstrated its willingness to work with the government of Rajasthan to provide training to the officials of the state administration and employees of FinTech companies on emerging areas of digital technology. We would like to extend our support in other areas of mutual interests in the future," the IIM-U Director said.

Apart from this, there is a plan to impart training to RIICO officials on capacity building from IIM Udaipur, he said.

The students of the full-time one-year MBA in Digital Enterprise Management at IIMU will get access to placements in FinTech companies in FinTech Park, Jaipur, on mutually acceptable terms. IIMU shall assist RIICO in scrutinizing the proposal of land allotment to the developer and unit in Fintech Park as well as with investor outreach for Fintech Park. It will also extend necessary support to RIICO in developing incubation facilities and other infrastructure facilities in Fintech Park.

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