A Memorandum of Understanding (MoU) was signed between Indian Institute of Corporate Affairs (IICA) and National Institute of Communication Finance (NICF) here today.

The MoU intends to synergise the professional capabilities of both institutions towards advocacy, research support, technical and handholding assistance and capacity building services in the various areas of finance, restructuring, turnaround, competition law, corporate law, corporate governance, Insolvency and Bankruptcy law, leadership, organisational effectiveness, telecommunication policies, spectrum auction etc.

In his address on the occasion, Shri Praveen Kumar, Director General and CEO, IICA, stated, “The MoU will offer a more structured approach to collaboration between the two institutions on matters common to their mandate and objectives. Capacity building programmes and research will equip the Indian Posts and Telecom Accounts and Finance Service (IP&TAFS) officers in up-skilling the professional horizon and the collaboration is a significant step towards strengthening the nation building.”

In his address, Shri Awadhesh Kumar, Director General, NICF said, “The MoU envisages exchange of knowledge and resource between NICF and IICA for conducting research, training capacity building and advocacy. He said that the training programme will help officers in acquiring in-depth understanding and enhance their competitive edge while operating in a VUCA (volatility, uncertainty, complexity, ambiguity) environment.”

The MoU was signed by Prof (Dr) Naveen Sirohi from IICA and Shri A K Singh, Deputy Director General from NICF.

ABOUT IICA

Indian Institute of Corporate Affairs (IICA) is an institution established by the Ministry of Corporate Affairs (MCA), Government of India as an autonomous body to act as a think-tank and a centre of excellence to support the growth of the corporate sector in India through an integrated and multi-disciplinary approach.

ABOUT NICF

National Institute of Communication Finance (NICF) is an apex level training institute, operating under the aegis of the Department of Telecommunications, Ministry of Communications, which caters to the training needs of Indian Posts and Telecom Accounts and Finance Service (IP&TAFS) officers.

Memorandum of Understanding: Collaboration to strengthen academic research and capacity building across corporate and telecom governance. A Memorandum of Understanding establishes a structured academic and research collaboration between IICA and NICF to pool professional capabilities for advocacy, research support, technical assistance and capacity building across finance, corporate and competition law, corporate governance, insolvency and bankruptcy law, leadership, and telecommunication policy. The MoU foresees exchange of knowledge and resources, jointly conducted research, and coordinated training programmes to up skill officers and strengthen institutional expertise, formalising reciprocal commitments to provide technical and training support and create sustained institutional linkages.