ITE, PSA ink S$2.5m deal to develop next generation of port specialists
- POSTED: 21 Jul 2014 14:20
- UPDATED: 21 Jul 2014 16:13
The five-year agreement will give Institute of Technical Education students more hands-on learning opportunities and longer internship stints at PSA.
SINGAPORE: The Institute of Technical Education (ITE) and PSA Corporation signed a S$2.5 million agreement on Monday (21 July) aimed at developing the next generation of port specialists.
Under the five-year deal, ITE students will get more hands-on learning opportunities with PSA, which will provide them with port-related equipment. The company will also set aside more internship positions for ITE students, increasing it from the current 10 to 80 annually for the next five years, according to a joint statement.
The funds set aside by PSA under this deal will also go to cover longer and more structured internships of up to six months, from two months now, as well as increase the number of scholarships, course medals and book prizes to deserving ITE students, said Mr Tan Puay Hin, Regional CEO for South-East Asia at PSA International.
"We recognise that a future competitive workforce with automation know-how must be cultivated early, which is why we are strengthening our partnership with ITE today through this MOU," said Mr Tan.
The port operator has over 8,000 employees, a third of whom are ITE graduates.
The signing of the agreement is set to fuel PSA's manpower growth in the near future. It is investing S$3.5 billion to develop the new Pasir Panjang Terminal, with Phases 3 and 4 set to be completed by 2020. It added the new terminals will see greater application of automation technology and will be able to serve mega container vessels.