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Key Points

4 points
1

15 partnership agreements were signed.

2

Partnerships involve top engineering and management schools.

3

Five companies received government support letters.

4

New global capability centres will create jobs and training.

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Summary

The agreements include famous Indian Institute of Technology schools and the Indian Institute of Management.

Five companies got special letters that say the government will help them set up new offices.

These new offices, called global capability centres, will bring jobs and training for young people.

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New Words to Learn

8 words
memorandum of understanding
a written promise for two groups to work together
global capability centre
a large office where worldwide companies do their work
artificial intelligence
computer systems that can think and learn like humans
digital transformation
using computers and the internet to change how things are done
skill development
learning new abilities for future jobs
innovation
coming up with new ideas or better ways to do things
investment
spending money now so something can grow later
collaboration
people or groups working together on a project
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