In pursuance of the recommendations of the Scientific Manpower Committee made about five decades ago, the erstwhile Ministry of Education, Government of India, initiated a ‘Practical Training Stipendiary Scheme” with the object of providing Practical Training to the fresh Engineering Graduates and Diploma Holders in Engineering.

The Board of Apprenticeship Training (NR), Kanpur was established in the year 1970. Since 1973,the Apprenticeship training of Engineering Degree & Diploma holders was brought under the purview of Apprentices Act 1961 by Apprentices (Amendment) Act 1973. Subsequently, in 1986 the Apprenticeship training of 10+2 passed Vocational stream candidates was also brought under the purview of the Act by amendment in Apprentices Act 1961.

In pursuance of the recommendations of the Scientific Manpower Committee, the Apprenticeship Training Scheme for Engineering Graduates and Diploma Holders in Engineering was introduced during post-independence era by the then Ministry of Education, Government of India, under a scheme which was known as Practical Training Stipendiary Scheme (PTS Scheme). In this Scheme, a limited number of Graduates and Diploma holders in Engineering / Technology were trained in the Industries for Practical Training on a monthly Stipend.

The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in November 1961 in collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation and Indian industry. During its initial years, several prominent faculty formed part of its nucleus, including Jagdish Sheth, J. K. Sengupta, among others.

The mission of IIM Lucknow is to improve management systems with regard to business, industry and public services through pursuit of excellence in management education, research, consultancy and training.

Indian Institute of Management Tiruchirappalli (IIMT) is the eleventh IIM and was instituted on 4th January 2011. Tiruchirappalli is a city known for its prominence in education, spirituality, art and culture and IIM Trichy tends to benefit from this. IIMT is functioning from its sprawling state-of-the-art campus spread over 175 acres of land on Trichy-Pudukottai highway, about 11 km from Tiruchirappalli International Airport.

The Indian Institutes of Management (IIMs) were created by the Indian Government with the aim of identifying the brightest student talent available and creating a pool of elite managers to lead the various sectors of the Indian economy. Over the course of more than fifty years, IIMs have become recognized as premier management institutions, comparable to the best in the world for teaching, research and interaction with industry.

The Government of India approved the proposal to set up six new Indian Institutes of Management (IIMs) across the country in its Budget 2014-15 presented in the Parliament of India on June 24, 2015. The new IIMs or the 3rd generation of IIMs are IIM Vishakhapatnam (Andhra Pradesh), IIM Bodh Gaya (Bihar), IIM Sirmaur (Himachal Pradesh), IIM Nagpur (Maharashtra), IIM Sambalpur (Odisha) and IIM Amritsar (Punjab).