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You cannot find skilled factory workers for $15 an hour. Pay a decent wage and they will move there in droves, in the expectation of being trained to do exactly what they need to be doing.In Germany they start internships for manufacturing jobs at 14. A twenty four year old factory worker in a Daimler Benz factory has been on the job for ten years.In 2001 I bought a million dollar pick & place machine with a 200k stencil printer. It took me six months to learn how to use the equipment. My reasoning was that I did not want to be entirely dependent on outside specialists to program it, and service it.What I did not realize is that if your rotary gantry screw was off by 1/128 of an inch, every 64 inches of travel the gantry would be off by half an inch. Big problem when shooting quad flat packs and 0402 resistors (1 x 0.5 x 0.35 mm).Cad and gerber files are useless, you need to walk the gantry manually and align your fiducials empirically. That of course requires some level of manufacturing experience, and experience costs when its in short supply because you exported your manufacturing expertise.In any event those are problems you can throw money at.The real reason for offshoring is offshoring your revenue capture.Lets take the example of an iPhone with a PRC supply chain.Components get shipped to HK from Taiwan, Korea, Singapore, Japan, the USA and from the EU. There the bill of materials (BOM) gets assembled with a cost of $180–200 depending on how good your camera is and how much memory you want to throw at it.The BOM then gets picked up by your trusted HK freight forwarder with an “invoice for insurance purposes” of $593.00. That is the fully loaded cost with every possible management fee, IP fee, transfer pricing fee and whatever else you can legally throw at it.There are import duties, customs duties and value added taxes (tot 42%) to be paid but of course the freight forwarder has already negotiated that with the customs agents and the parts go in tax not paid.Then the iPhone gets assembled. Case and assembly is no more than $7.00. As a matter of fact if they are paying more than $6 somebody is being paid a motivational fee.At that point the phone gets shipped to the US with a loaded cost of $600. The balance of the 200 goes for US operations, logistics, and retailers.The $400 in profit per unit stays off shore and is not taxed.You can do the same in Europe with a pass through Ireland, A Dutch Skip (a “Temporary Inbound” T1 Status import) and from there you can move it through channels without even having to pay 18% VAT on entry. Denmark has good options too.Once the loop is closed your tax free proceeds are either taxed at Ireland’s 2% rate for “Foreign Domestic Corporations” or at whatever rate you can negotiate with the parasites in Luxembourg, and then park the profits in the City of London.The short of it is that offshoring manufacturing is not a cost saver, but rather a tax dodge on steroids.Revenue above BOM on a iPhone is $600. Does it really matter if it costs $7 or $14 to assemble? The value add is in the engineering, and if you have six hundred dollars of value, the assembly cost is immaterial.In the year 2000 China, with a population of 1.3 billion had the same GDP (2T) as France with a 70 million population. What is responsible for today’s GDP of 14T?China’s GDP reflects that $600 shipping invoice charge. China’s GDP does not reflect the fact that its value add is $7.The US’s GDP is double booking the $800 minus the eliminations. Well, if its consumed in the US, its $800 worth of consumption. But the US engineering value add is 600 not 7.California, if it was an independent Nation State, would be the fourth largest economy in the world. Except for the fact that California corporations do not pay taxes in the US, and certainly not in California. If the engineering value add output is not accounted for in California, and taxed in California, its not California GDP.US tech corporations invoice out of Singapore and the Netherlands. Steve Balmer famously noted in 2011 that they invoice three times more out of Holland than they do in the whole of China. I am sure the CFO put him in the naughty box…California, by virtue of our Constitution, can of course run whatever paternalistic welfare state it chooses to device. Problem is that they do not capture their corporate value add in State or in the US. They simply do not have the tax base to support their policy objectives.Which of course means that like Puerto Rico, they cannot pay for their programs without going bankrupt and then appealing to the Federal Government to bail them out.NY State doubled its GDP in the last twenty years, but the tax base actually shrunk as manufacturing was replaced with capital gains friendly plays, and NY corporations offshored their manufacturing.China’s GDP is of course 50% made up of assembly charges, and export invoices that do not reflect China’s actual value add. A $600 export with a $7 assembly charge of course reflects negatively on the US’s Trade Balance.If economists were not academics, they would have already pointed out the fact that the China US trade imbalance is entirely bogus, as is of course China’s GDP.From 1996 to 2016 a manufacturing concern was on the hook all in, say in California or New York, for a whopping 62% in taxes. That is mighty close to the magical 70% where all economic activity ceases.Please don’t tell me that ain’t so because that is what I paid until such time as I got creative with my supply chain.Throw in a desperately rich regulatory capture, and that magical 70 was for all purpose achieved.A capital gain paid 15% (or less).Its obvious that if the tax rate was reversed, 60% for capital gains and 15% for manufacturing, everybody and their Uncle Bob would be manufacturing in order to take advantage of tax policy.Manufacturing tax loop holes disappeared with the Clinton administration. It was a true raw up your rectum 62% effective tax rate.Trump wants to encourage manufacturing without introducing capital disincentives. That is never going to work.Every country in Europe is suffering from the same supply chain tax dodge, minus of course Luxembourg, the Netherlands and Ireland because they are tax havens. Of course, they produce nothing so they are not in any better position than others.Ireland’s 2% tax on Apple, is pretty skinny considering the Irish Banks went belly up in 2009 and the Irish State had to nationalize the debt. That 2% barely covers for the interest payments.A failed State is one that cannot capture tax revenue. That is all that there is to it.Point here is that if you were to put together a harmonized common taxation policy between G7 or G10 States, which represent 70% of world GDP (or would that be consumption?), you could easily shut down this massive tax dodge.Which would then allow you to lower the new capital gains tax from 60% to say 30% (with manufacturing still at 15%).Short of a radical change in tax policy, which the current administration does not have the votes in Congress for, all the Executive branch can do is hustle, plead and design structural impediments to the supply chain.A MacPro of course does not have the same margin multiple built in. Its mostly a really expensive exercise in managerial ego. Its the kind of product that gives rich techies hard ons (or is that just me?).Since the product reflects a much lower margin structure, the tax dodge is not as critical.Plus they can increase the invoiced cost to Apple USA for the iPhones, and make up the loss in tax efficiency.If you see software companies building hardware, its because they want to run their own supply chain tax dodge.I also read that pentalobe p2 screws are hard to source domestically.Which would be true except for the fact that the screw making machine is probably made in Japan or Europe and they don’t particularly care where they ship their equipment.It would also not be unreasonable for the current screw supplier to ship their equipment to the US for automated manufacturing here.Plenty of skilled labour in fucking Ohio.Yeah, if you don’t win Ohio you don't stand a chance at carrying the Electoral College.Do the math.Thanks for the ask, always a pleasure.Edit:Michael Hudson: De-Dollarizing the American Financial Empire | naked capitalismMichael Hudson’s website has been taken down. It was up a couple of weeks ago, but I just checked and its not. And there I was thinking that Marxist economists did not suffer that problem… Extensive bibliography available if the reader should chose to pursue this line of inquiry further.

People are often looking for the “best” business idea, and frankly, there is no such thing. The first step is to clarify the best business idea(s) for you. Try not to jump into a hype business unless the thought of becoming a serial entrepreneur, constantly chasing the next opportunity, sounds exciting to you. (It is for some; that was not meant to sound judgmental). Owning a business will likely be more work than working as an employee so think of ideas that you are willing to put a lot of time and effort into.Consider your: Values (time, money, freedom, creativity), strengths (good with people, creative, good at sales), weaknesses (don’t let these stop you but know that you may have to hire some aspects of your work out) and your main reason for wanting to start a business (and make sure your startup will meet this).(Note: I personally started my initial business that could have been successful but I hated most aspects of running it. I decided to abandon it because it just was not worth it for me. I love my latest business venture and saw more success in the first month of it starting than I saw in the first 6 months of the previous business.2. Next get familiar with the ways to earn income and run a business (Passive vs Active/Traditional Income)Active/Traditional Income: The Direct Exchange of Time for MoneyWhen you think of an entrepreneur or a business owner, what are some businesses that come to mind? Could it be somebody who runs a big company, somebody who is in real estate, somebody who owns a restaurant, a salon, a boutique, a store, a gas station? These are more traditional or active ways to run in a business. This means that there is direct exchange of time for money. If you own a salon, somebody has to be there styling and cutting hair for your business to make money. If you run a clothing boutique, somebody has to be there selling clothes while customers are buying them; the owner is also likely there, managing employees or possibly selling directly to customers. The business does not make any money unless there are actual people running the business.Passive Income: The Non-Direct Method of Earning ProfitsThe second way that you can run your business is labeled “Passive”, in which you earn income without the direct exchange of your time. This does not mean you do nothing and just start making money; it describes a business model in which a business provides a product or a service that can be purchased without the owner or an employee’s immediate involvement. That product or service continues to make you money even when you are not technically doing anything. It might sound confusing if you have not heard the term before, so let’s look at a couple of examples:Example 1: Blog Writers/Content Creators: Those who earn money from writing blogs through advertising or affiliate marketing (if you are unfamiliar with those terms we will be going over them in this book). Blog writers can spend a lot of time writing a blog. They might spend two weeks writing a really great blog, but after it’s published online, they don’t have to do anything. They are getting money because they set up structures to get paid through the material they wrote.Example 2: Authors: Those who write books, fiction or non-fiction, and publish with a publisher or self-publish online. Authors can spend years writing a book, requiring a lot of time and energy. After it is written they have to then spend additional time and energy promoting that book. But after that period of time, they make money without directly selling to customers. They do not have to be at bookstores, handing the book to customers to make the money.Example 3: Application (App) Developers: Those who create a computer or mobile program, either through developing it themselves or hiring an outside contractor to develop it. Think of Apps you have paid for on your phone or tablet. The person who developed that App was not there directly selling it to you, yet still made money when you purchased it.3. Learn all that is possible! To help get your wheels turning, here is a list of 10 different businesses. All people have started and ran successful businesses with each on of these start-up ideas. This is an exert from my book Just Right: Discover the Best Business Idea for YOU which is available for FREE on Amazon (Thur 9/1 through Sat 9/3).Business 1: Bricks and MortarWhat is it?Bricks and mortar is a term used to refer to a physical location. Do you want an actual location for your business? Do you need an actual location for the type of business you want to open?Examples:Restaurant/BarStore/BoutiqueService location: (Provides a service) Example: Salon, Dog Groomer, DaycareBusiness 2: Online and Home BasedWhat is it?This is a business that is based solely online or can be added as a component of a bricks and mortar location.Two Platforms:There are essentially two ways to run an online business. The first is to have your own website. This may seem daunting if you are not tech savvy, but there are plenty of platforms available that are user friendly as well as professionals who build websites.The second option is to use a platform (eBay/Amazon) that customers use to make purchases. There are pros and cons to each of these. The biggest hurdle with having your own website is driving traffic to it. This is why many people start out using a third party platform that already has high volume and consistent traffic. The downsides of using platforms are you must follow their rules, have less freedom, as well as have to share your profits with that platform.Examples:Online (Ecommerce) Stores: Any store that customers shop and purchase products onlineCreative and Information Products: A blog, videos, music, art work, coursesServices: Life coach, digital marketing, nutrition counseling, consulting. These are services that you likely will provide via phone or internet (ex. Skype) and you can work from anywhere.Dropshipping: Selling products that are manufactured and stored in another location and are shipped to your customers directly when they purchase from your website. This means that you, the store owner, never touch the products. There are a lot of companies that will provide these services at a cost.Using platforms like eBay, Amazon, Etsy to sell: There are multiple options for selling on these platforms, and each one has its own rules and regulations. In general you can sell your own products, use dropshipping, use inventory from manufacturers, or write and self-publish books (on Amazon). Each website has more information on what is allowed on that site.Business 3: Buy Existing Business or FranchiseWhat is it?To buy an Existing Business is to purchase a business that is already established. This can be bricks and mortar or online.Example: Buy the local bakery from Bob, who is 80 and wants to retire.To buy a Franchise is to buy into an existing name, and as the investor or franchisee, and are thus able to run this business.Federal Trade Commission states: “A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor’s name for a specific number of years and assistance. For example, the franchisor may provide you with help in finding a location for your outlet; initial training and an operating manual; and advice on management, marketing or personnel. The franchisor may provide support through periodic newsletters, a toll-free telephone number, a website or scheduled workshops or seminars.” (www.ftc.gov)Example: Jimmy John’sIf you are interested in which franchise would be right for you (based on investment), take a look at Forbes 2016 List of Best FranchisesBusiness 4: Creative BusinessWhat is it?A business in which you create something in exchange for money.You will need to consider one major factor when you are developing your business plan: Do you create something that can be replicated (digital prints, books, music downloads, blogs), or do you physically need to create the products (jewelry, crafts, etc.)? This will determine if it is passive or active. If you create a book, you only have to write that book once and can sell as many copies as people want to buy. If you make custom jewelry, you can physically only create one piece at a time. One is not better than the other, but you must think about this when deciding pricing as well as planning what your role in the company will look like.Examples:Sell Crafts on Etsy or Own Website: Jewelry, Wedding Products, Home Décor, Clothing, Toys and GamesWrite and Self-Publish Novels: Kindle Direct Publishing (Amazon), Nook, iTunes, Smashwords, CreatespaceBlogging: Travel, Food, Fashion, AnimalsArt: Sell online or in-person at galleries, events, festivals, etc.Music: Can sell digitally on own website or third party platforms, can post on YouTube (look up Patreon to see how to get financial support from fans for your work)Business 5: Affiliate Marketing/Internet MarketingWhat is it?A business in which you earn income by promoting products or services offered by others. You do not need to make a product or service. This is often how content creators earn money.Examples of Affiliate Marketing: Amazon Affiliates (Promote Amazon products and get commission), Individual Affiliate Programs (On business websites)If you have a blog, this can be an excellent way to capitalize. Search for websites that offer products and services in your niche. Many websites have an “Affiliate Program” link that is often located at the bottom of the Home Page. Even if they do not have this, you can contact the company and ask. Once you become an affiliate, you will receive an affiliate link. Write about the products or services in your content and provide the affiliate links. Each time a reader clicks on a link and buys a product or service, you get a percentage of the profits. For example, if you have a blog that is about dogs, you can suggest dog services and products and get paid every time a reader purchases one of these.Examples of Internet Marketing: Banner Ads, Pay Per Click Advertisements, Targeted EmailsIt is your decision where you want to place these ads on your website or blog. Every time someone clicks on an ad that is on your website you will get a certain amount of money for this. This approach can come off as more sales-like than the Affiliate Marketing.Business 6: Selling ProductsWhat is it?The selling of physical products online, in a store, or at markets or events. There are a lot of different ways to run a product-based business. Begin to ask yourself the following questions to become clearer on what your business may look like:Will you create the products? Will you have the products manufactured? Will you purchase the products from a manufacturer or wholesaler? Will you be selling to businesses (B2B) or customers (B2C)? (If you manufacture or import products from overseas you can either sell to distributors or wholesalers who sell products to retailers or you can sell directly to customers.) Where will you store your products? Will your manufacturer be in your country or outside of your country? Will you sell in a store, an online store and/or a platform, like Amazon, Etsy or eBay? (You can have multiple sales channels to increase profit potential.) Doing just a little online research in this area can help further your understanding of all the options available to you.Selling products can be passive or active. Dropshipping is fairly passive, but creating and selling products by hand is very active.Business 7: Service BasedWhat is it?Provide service in exchange for payment. It can be B2B or B2C, meaning that you can offer your services to other businesses or directly to customers. When considering a service-based business, consider the following:Is there a need for this, and are people willing to pay? This will often be determined by your location. For example, opening a surf school in Ohio likely will not be as lucrative of a business as opening one in Florida.Is it evergreen or temporary? Think of businesses you saw as a kid that slowly went extinct as times changed. As our environment and situation changes, so do our needs. If you can find a service that people will always need or a service that can be flexible and change with the times, you can be set for lifelong success.Is it a one-time need or frequent? If you provide a service that people will only need once (example: a new mommy class) you will constantly need to acquire new customers, but if you provide a service that people will need again (a mechanic) then you can rely on loyal customers to keep your business running.One thing to keep in mind is that service based businesses are mainly active because your time is needed. Can be passive if you manage employees who provide the service, but likely you will still need to be present to provide the management.Business 8: Information BasedWhat is it?Do you have extensive knowledge on a topic? You can capitalize on this by selling information products to customers.Consider the following: What do you know about and who is your audience? What need is this information meeting? Why do people want to know this?If you have definitive answers for all of the above questions, you likely have a great idea for an information-based business.Examples:Writing books: Can easily self-publish books on any topic.Blogs: Use advertising/affiliate marketing to generate income or use blogs to drive traffic and sell books, courses, etc. to blog readers.Producing YouTube videos: Can make money by funneling YouTube followers to other products, advertisements, and Pateron (a website that allows followers and fans to donate money to you).Courses: Can sell on own website or third party sites like Udemy. Can also hold classes in own community.Templates: If you can create a template that saves customers time and stress, they will pay!Resource guides: Can sell on own website or make into a book and self-publish.Business 9: Better way to do thingsWhat is it?This can be a service, a program, software or an app, or a product and is anything that makes your customer’s life better, easier or saves time.Do you have a great technique for ________________?Examples:Cooking ServicesOrganizational ServicesPhone AppsWorkout PlansComputer SoftwareBusiness 10: Non-ProfitWhat is it?A corporation that conducts business for the good of the general public without shareholders and without a profit motiveAre created according to state law and must go through the same steps as many for-profit organizations (fees, applying for articles of organization, etc.)Examples:Check out Charity Navigator to get ideas of what is already out there. This website lists charities, rates them and gives information about their revenue and expenses.Animals: Protect and provide services for domestic and wild animalsArts and Culture: Promote and preserve artistic and cultural excellenceCommunity: Promote economic growth and stabilityEnvironment: Preserve and protect the environmentEducation: Make learning possible for students of all agesHealth and Human Service: Provide services to people in needHuman Rights: Designed to promote and protect reformInternational: Work throughout the world to promote peace and serviceReligion: Support religions and religious activityResearch: Focus on advancement of knowledge in a variety of fieldsHope this helped! Again if you want a complete list of pros, cons and considerations in each of the businesses listed check out the book Just Right: Discover the Best Business Idea for YOU available for FREE on Amazon (Thur 9/1 through Sat 9/3).

MRCE, Manav Rachna College of Engineering is one of the well known college in Faridabad. It has been transformed into MRU, Manav Rachna University 3 years back i.e in 2015. NAAC (‘A’ Grade) is testimonial to the institutional strengths in the area of teaching & learning process, R&D, infrastructure, student quality and progressive path to excellence. It places the institute in the top 10 percent of the engineering colleges.The National Board of Accreditation (NBA) has accredited Manav Rachna College of Engineering, now Manav Rachna University for its B.Tech. – Computer Science Engineering, Electronics & Communication Engineering and Mechanical Engineering in the year 2013 for 2 years.Tata Consultancy Services (TCS) has accredited the institute and opens the placement season in the campus.The institute has been designated as Nodal Centre for Virtual lab by Ministry of Human Resource and Development (MHRD), Government of India.MRU is Nodal Centre for National Entrepreneurship Network (NEN).It offers a variety of courses in engineering, applied sciences, law, management and humanities and PhDs.INTERNATIONAL COLLABORATIONSThe BBA(Global – International Business) is the flagship program which is run in collaboration with Auckland Institute of Management, New Zealand which provides Diploma to the students accredited by NZQA. Under the program the students are given opportunity to complete their educations from New Zealand.Concerted efforts are made to give fillip to all Business Studies Programs by way of introducing the subjects taught in the advanced countries and best universities.INTERNATIONAL TIEUPSEdinburgh Napier University (ENU) is a public university in Edinburgh, Scotland. It has over 17,000 students, including nearly 5,000 international students, from more than 100 nations worldwide. Edinburgh Napier offers subjects including engineering, computing, nursing and midwifery, science, business courses, timber engineering and transport studies. It offers a range of creative courses, including film, graphic design, acting, publishing and product design. ENU ranks amongst the best five Universities in Scotland.Edinburgh Napier University, UK faculty will conduct 3 modules namely Building High Performing Organisations, Marketing within the Global Economy, Management and Organisational change in respect of MBA with specialization in International Business of MRIU.Tsukuba University, Japan, established in the year 1973 as Tokyo University of Education in the Tsukuba area has partnered with MRIU for student and faculty exchange and research and development programmes.iCarnegie, a subsidiary of Carnegie Mellon University, Pittsburgh USA and MREI have signed an MOU to share LMS covering subjects related to Computer Engineering/ Information Technology with MRU for its students studying in B.Tech. Programmes. This association will be in the form of inclusion of the Software Development Program (SDP) in the B.Tech-CSE and B.Tech – IT curricula. The iCarnegie’s teaching pedagogy may be stated in a nutshell as “learning-by-doing” which they implement by following a Project-based flipped classroom approach to teaching/learning.Royal Agricultural University, School of Real Estate and Land Management (RELM), UK has partnered with Manav Rachna for cutting edge pedagogy delivery for its MBA Programme which provides the students an opportunity to study in the UK and earn a Postgraduate Certificate (PG Cert). Founded in 1845, the Royal Agricultural University (RAU) has a long- standing, global reputation in education, research and consultancy. Today, the RAU is a vibrant, forward- thinking, international community, with more than 1, 200 students from over 45 different countries currently studying at the historic campus. The university has impressively high graduate employment rates with 93% of postgraduates in employment or further study within six months of leaving, placing the RAU in the top 10% in the UK.The School of Real Estate and Land Management (RELM) has an outstanding reputation for quality teaching, and boasts excellent links with industry. Industry leaders and practicing professionals regularly contribute to lectures, tutorials and study visits to help students develop strong commercial awareness.Lahti University of Applied Sciences (LAMK), Lahti, Finland: An MOU has been signed with Lahti University of Applied Sciences, Finland to collaborate on academic and research related activities. The scope of the collaboration encompasses the exchange of faculty and students, launch of activities like extension programmes, trainings, courses and exchange of publications and research reports. The objective is to bridge the gap between industry and academia through focus on the skill centric courses with the aim of producing industry-ready professionals through improving employability and life skills.University of Tennessee, is a public land-grant university headquartered in Knoxville, Tennessee, United States. MRU has tie ups with Tennessee University on projects related to sustainable environment whereby students from Tennessee University and Manav Rachna University collaborate to sort out social issues on sustainable environment to have cleanliness drive. Student exchange program is a part of the project.Auckland Institute of Studies (AIS), Auckland, New Zealand is a unique tertiary institution providing NZQA Accredited Diploma, UG and PG level Programmes. It also has the largest MBA programme in NZ. AIS has collaborated with MRIU to provide curriculum and accreditation support for BBA-GIB and 包商城. -IT Programmes.Hiram College, Ohio, USA established in the year 1850 has tied-up for Student and Faculty Exchange Programmes, summer internship and project work.CYGNUS HOSPITALS (TO BE INCLUDED) : Manav Rachna University has a unique BBA -Health Care Management Programme in Collaboration with Cygnus Hospitals. This programme has been developed and designed as per the current need of health care industry with the active participation of Cygnus Hospitals.INDUSTRY AND SKILL DEVELOPMENT TIEUPSINDUSTRIAL ASSOCIATESSu-Kam Power Systems Ltd. is India’s largest power solutions company with presence in 90 countries worldwide and has a record of being the only company in this sphere to file 100 plus patents. The Memorandum of Agreement (MOA) between Su-Kam Power Systems Ltd. and MRU aims at establishing the Centre of Excellence of Power Electronics at MRU campus and providing “in field” exposure to both faculty members and students to the latest developments in the field of solar energy and its applications especially its commercial applications in the area of energy generation, storage and deployment.Infosys Manav Rachna has been associated with Infosys since 2009 for training the students and faculty members under the purview of the Infosys Campus Connect Programme. Under this programme, Infosys certified faculty members conduct special modules for polishing the technical and soft skills of graduates, as per industry demand. Manav Rachna University is offering a number of elective courses under the same flagship. Infosys has also sponsored faculty members for participation in international conferences.IBM, a well known multinational conglomerate having a turnover of more than US $ 100 billion with Headquarters at New York, US, has tied up with MRIU to jointly offer B.Tech. -Computer Science & Engg. with specialization in Cloud Computing, Business Analytics & Optimization, IT Infrastructure Management, Cyber Security & Forensics, Mainframe Technology, Open Source Software & Open Standards, Graphics and Gaming Technology. IBM primarily having worldwide business in Computer Hardware/Software, IT Services and IT Consulting shall provide LMS, Train the Teacher Programmeme, Student Projects, Expert Lectures, Industry connectivity for students and teachers to enable them to experience the live IT Environment. The arrangement shall help students to acquire domain skills in the most advanced areas of IT and preferential placements by IT companies. Students enrolled in this programmeme shall have access to an online Eco-system Platform namely Innovation Center for Open Standards enabling them to access course material, discussion forums, student projects, industry mentors and news-clips. IBM shall also issue certificates for various modules after their successful completion.Tata Consultancy Services (TCS), partners in multi-dimensional academic value addition programmes. TCS-MRIU Pragati Project Identifies 20 B.Tech-CSE students in First year. The Community across 4 years will be engaged in collaborative learning in software programming, testing and project management to acquire employable skills. Further, under the aegis of TCS-LISP Relationship Programme, TCS shall be providing us cutting-edge professional facilities like Internship Programme, Industrial Visits, Guest Lectures and Faculty Development Programmes. This knowledge partnership shall culminate in huge value addition to our Academic Programmes.TCS is the largest employer of MRIU pass outs and also provides comprehensive ERP solutions to MRIU for complete automation of academic, administrative, financial and managerial activities.SAP SE (Systems, Applications & Products in Data Processing) is a German multinational software corporation that makes enterprise software to manage business operations and customer relations. SAP is headquartered in Walldorf, with regional offices in 130 countries. SAP has partnered with Manav Rachna to establish a SAP Student Academy at the University Campus to cater to its Functional/ Technical courses on Material Management, Financial Accounting, Sales and Distribution, Human Resources and ABAP.KPMG, a world renowned Consulting company associates with MBA and http://B.Com-Industry Integrated Programmes. KPMG Consultants shall conduct classroom and lab training.The pass outs get preferential placements in KPMG and associate companies.Fortis Healthcare, an Asian giant having multispecialty state-of-the-art hospitals in countries has associates with MBA – Healthcare Management. All students shall have 100 days training in hospital operations and 24 weeks Hospital Attachment in Fortis hospitals.JBM Group, is, a $1.35 billion conglomerate with interests in automobiles, engineering & design services, renewable energy and education sectors. JBM Group is a global enterprise headquartered in New Delhi, with aninfrastructure of 35 manufacturing plants and 4 Engineering & Design centres across 18 locationsglobally. JBM is a Tier-1 component supplier to Maruti Suzuki, Mahindra & Mahindra, Honda Motors,General Motors, Ford, Fiat, Renault-Nissan, Volkswagen, Tata Motors, Toyota, Hero Moto Corp, TVSGroup, Yamaha, Ashok Leyland, Volvo-Eicherand JCB. JBM Group has two listed entities, namely, JayBharat Maruti Ltd and JBM Auto Ltd. It is the largest Tier-1 supplier of automobile components and assemblies in India has associated with B.Tech Mechanical Engineering – Industry Integrated Programme of MRIU. JBM functional managers conducts classroom and lab training in 3rd and 4th year for specialized subjects. The students undergo 24 week Industry attachment and pass outs are provided assured placement in JBM Group and associate companies subject to meeting specified academic benchmarks.NIIT, a national leader in IT training and Institute of Finance Banking and Insurance associates with BBA Banking Programme. IFBI faculty shall conduct 375 hours classroom and lab training. The pass outs shall be absorbed in reputed private banks subject to meeting specified academic benchmarks.EdGate Technologies Pvt. Ltd., University Programme Partner of Texas Insturments (TI), India has signed an MOU with MRIU for setting up a joint Lab entitled “Texas Instruments Embedded System / Microcontrollers” at MRIU premises. EdGate Technologies Pvt. Ltd. will to provide equipment and training material to set up the lab based on TI platform and to provide initial training and learning material to begin the instructions. EdGate Technologies Pvt. Ltd., will help the university to organize training programmes / tutorials, workshops and faculty development programme in its premises for faculty members of MRIU and other Engineering Institutions to teach topics related to TI platform.Mitsubishi Electric India (MEI) is a well-known brand and Global Leader in Electric and Electronic Equipment for Residential, Commercial and Industrial use. Mitsubishi Electric has presence across India with a large distribution channel which is expanding to more cities. Mitsubishi Electric India (MEI) offers complete solution for factory automation and industrial products, residential, commercial and industrial air conditioning, video and imaging products and provision for technical and marketing support for power semiconductors, photovoltaic modules, transportation, power systems and CNC solutions. MEI provides regular training, training material like manuals / catalogues to the students nominated by MRIU, conducts seminars / demonstration on Automation Technology and Products at the premises of MRIU.R-Systems collaborates with MRIU for enriching the technical education process by providing industrial training to the students and jointly work on research based industrial projects.INTEL Internet of Things (IOT) centre for higher education programme for conducting FDPs, Events, Workshops on GALILEO and EDISON platform.ATMEL India University program for sponsoring labs and organizing FDPs, events, workshops on ATMEGA 168PB and SAM D21 Microcontrollers.NDTV Worldwide has likewise signed an MOU with MRIU for conducting Skill Centric Workshops for students enrolled in both programmes of B.A & M.A in JOURNALISM & MASS COMMUNICATION. Experts from NDTV Worldwide conduct 14 workshops for students in diverse areas such as Anchoring, Reporting, Breaking News, Digital Media, News Production. They also conduct sessions on the Role of a Producer, Departments of a News Channel, Writing TV News, News Room Scenario and Operations – Live PCR, Camera, and Editing and provide Technical Overview of a Modern Television News Room. Students are provided certificates for these workshops by NDTV Worldwide and MRIU.EMC2 for imparting Faculty Development Programmes/workshops on latest trends of computer science especially in the field of storage area networks and related areas.Motherson Sumi Infotech, Manav Rachna University has linkages with Motherson Sumi lnfotech Ltd. to work in the area of Business Process Management and Business intelligence.Sky Testers helps students to learn software engineering skills on upcoming technologies and become industry ready by working on industry projects during their course.Small Industrial Development Bank of India (SIDBI) is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India. In order to promote entrepreneurship among the post graduate students of management Manav Rachna University, SIDBI organized various events such as essay writing competition, debate and elocution competition.The Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organizations in India which provides a platform for networking and consensus building within and across sectors and is the first port of call for Indian industry, policy makers and the international business community. The Department of Management and Commerce at Manav Rachna University in association with FICCI attends, participate and conducts various innovation and entrepreneurship seminars and conferences.PHD Chamber of Commerce: The Department of Management and Commerce at Manav Rachna University in association with PHD. Chamber of Commerce attends, participates and organizes various events for Skill DevelopmentNational Institute for Entrepreneurship and Small Business Development (NISBUD) is a premier organization of the Ministry of Skill Development and Entrepreneurship, engaged in training, consultancy, research, etc. in order to promote entrepreneurship. The Department of Management and Commerce, Manav Rachna University has undergone various events for its faculty members and students, under the major activities of the NISBUD which are Training of Trainers, Management Development Programmes, Entrepreneurship-cum-Skill Development Programmes, Entrepreneurship Development Programmes.All India Management Association (AIMA), MR Institutions are closely linked with AIMA and its Faridabad chapter (FMA). Faculty members attend various seminars, symposium, conclave and development programmes organized under the aegis of AIMA.SKILL DEVELOPMENT TIEUPSNHRDN. MBA students participate in various inter-college competitions and faculty members attend various workshops conducted by NHRDN. Executive committee member of NHRDN visit to campus and interact with MBA students.NSDC: The National Skill Development Corporation (NSDC), Ministry of Skill development and Entrepreneurship signed total of Memorandum of Understanding (MoU) with Algonquin Community College in areas of collaboration for skill development during the visit of Hon’ble Prime Minister of India, Shri Narendra Modi to Canada in April 2015. MREI was the Indian partner for Algonquin in this initiative. Taking this forward, the Government of Haryana (GoH) has set up State Level Skill Development Missions to provide inter-sectoral coordination at State level. In view of the larger MoU with NSDC, a MoU was also signed between the Govt. of Haryana and Algonquin College to explore many more areas of cooperation and collaboration in the automobile and construction sectors. Manav Rachna Educational Institutions hold a prominent position in carrying forward this MoU. Under this agreement, MREI is setting up a training Centre of Excellence in the automotive and construction sectors at its campus in Faridabad.IPSC: MREI also signed a MoU with the Indian Plumbing Skills Council (IPSC) to develop skilled manpower in the plumbing sector.ASDC: A MoU has been signed between Manav Rachna Skill Development Centre and Automotive Skills Development Council (ASDC) to offer skill development training program for employment in Automotive Sector.