By GEORGINA MICHAEL
The International Training Institute has signed a three-year Memorandum of Understanding (MoU) with Handy Finance PNG to develop capacity-building and on-the-job training for students and staff of the two organizations.
The MOU will enable ITI students to training with Handy Finance and for Handy Finance staff to undertake courses with ITI.
ITI chairman. Senthil Kumaran Sentheyval said: “This is a 12 weeks on-the-job training for all our certificate, diploma and degree programs where students will be placed into different departments of the organization according to its needs.
“This will help them gain work experience before graduating. We are aiming to have our graduates going out with experience whilst having them insured when on training sites.
“It’s a good opportunity for our students to go into the finance area and other areas that are needed depending on the needs and the demand of the organization itself.”
Mr. Sentheyval said ITI would offer IT and AI courses, as well as others courses for Handy Finance staff to upskill and upgrade their knowledge on digitalization.
“This is more than a on the job training and I’m grateful for it, because it can also assist stuff and students in the future with their finance as well,” he said.
Chief Operations Officer of Handy Finance Nilesh Maharraj said the MOU was a result of the recent ITI AI Summit.
“We have been in operation for the past 18years in PNG, whilst growing and expending our operations we needed more improvement in Digitalization that’s when the negotiations begun,” he said.
“This MOU provides for ITI students to come in and have a feel of what Handy Finance does and show their capability to contribute meaningfully to the growth and success of our company.”
Mr Maharraj said if the ITI students performed well, they would be formally employed by Handy Finance.
“Today, we are excited to peruse this further and at the same time we are giving our staff and students with reliable sponsors the opportunity to borrow from our organization whenever there are emergencies and needs,” he said.