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Bengaluru: PM inaugurates the B R Ambedkar School of Economics

Prime Minister Narendra Modi presented a statue of Dr B R Ambedkar, the author of the Indian Constitution, at the inauguration of new campus of Dr B R Ambedkar School of Economics (BASE) University. He also showcased 150 ‘Technology Hubs’ at the ceremony, which were created by revamping Industrial Training Institutes (ITIs) around Karnataka. The Technology Hubs initiative, which has a budget of over Rs 4,700 crore and is backed by several industry partners, intends to develop a trained workforce to meet Industry 4.0 personnel requirements.

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KEY POINTS:

  • The state government has paid Rs 657 crore towards the entire expenditure, while Tata Technologies Limited (TTL) and its industry partners have contributed Rs 4,080 crore.
  • The state has also invested an additional Rs 220 crore in these 150 ITIs to construct dedicated workshops and technology labs. These Technology Hubs will provide high-skill training in cutting-edge technology and increase job and entrepreneurship options for ITI graduates through a variety of innovative courses.
  • Among those present were Karnataka Governor Thaawarchand Gehlot, Chief Minister Basavaraj Bommai, Union Minister Pralhad Joshi, and other state cabinet ministers.
  • The residential BASE University was founded in 2017 to honour Ambedkar’s extraordinary contributions to the building of Independent India and to pay tribute to his legacy on the 125th anniversary of his birth.
  • BASE was designed in the style of the London School of Economics and is located on 43.35 acres of land on Bangalore University’s Jnana Bharati campus. It consists of 13 blocks that cost approximately Rs 250 crore to construct.

Important Takeaways For All Competitive Exams:

  • Chief Minister of Karnataka: Basavaraj Bommai
  • Governor of Karnataka: Thaawarchand Gehlot

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