The Indian Institute of Coal Management (IICM) will train executives foraying into coal mining from both private and public sector companies besides those of its parent body Coal India Ltd..
IICM has made a beginning by training professionals from NTPC, Gujarat Mineral Development Corporation and even executives from Petro Bangla of Bangladesh, Executive Director of the Institute Sudeep Ghose told PTI here.
Stating that the primary task of the Ranchi-based IICM is to train executives of Coal India and its subsidiary companies, he said, “but we are now open to train executives from other companies coming into the coal mining business at a fee.”
Until recently, IICM used to provide about 20,000 man- days of training to executives of CIL and its subsidiaries.
This figure is likely to go up to 30,000 man-days in the coming year due to increased load of grooming fresh management trainees recruited recently.
IICM, he said, has generated resources of Rs. 1.5 crore by training executives of non-CIL companies.
The institute received about Rs. 13 crore annually from Coal India for training its executives, he said.
Mr. Ghosh said the institute would continue to provide specialised management training to the middle and senior management through different segments of training, some in collaboration with leading business schools.
The IICM ED said that the recruitment process in Coal India which was stopped about a decade ago, had started in the last three years and the institute trained nearly 1,400 management trainees of Coal India since then.
“They will inculcate a new culture in the company which has received overwhelming response to its recent IPO and is going to be listed in the bourse next month,” he said.