Technology and skill which play a prominent role in productive processes need properly qualified and trained manpower. Qualified and competent in Industry and other projects are equally important. There are various Institutions to educate and train the technocrats. Whereas the higher education is imparted by the Engineering Colleges and Polytechnics, the Industrial Training Institutes i.e. I.T.I’s play a vital role to produce the middle level trained manpower required for wide range of productive activities in various Industries. In the middle cadre of trained, “Craftsmanship” plays a pivotal role. The term, “CRAFTMAN” refers to a heterogeneous group of production process workers and includes a variety of trade skills, occupations, education and training backgrounds. The Industrial Training Institute (I.T.I’s) conduct recognized trade courses and thus, generates craftsman of varied skills on a continuous basis. The main aim and objective of CTS (Craftsman Training Scheme) is to impart vocational training through Industrial Training Institutes in the country. Industrial Training Institutes are one of the major institutional sources for the supply of craftsman in the country. Job oriented structured and entrepreneurship training is very essential in order to have job opportunities and scope for self-employment for the young generation. Industrial Training Institutes play an important role to achieve this goal. Hence, it becomes essential to open the new Institutions according to demand and need of the area for providing vocational training to the youth so that they may be able to get employment in the industries or may be able to set up their units for generating employment for unskilled masses. Over the years, a number of weaknesses developed in the vocational training system in the country. The major deficiencies are rigid training structure, inadequate vocational instructors, lack of modern equipment and machinery and weak linkage with the industry. These deficiencies created a mismatch between the trained manpower produced by the ITIs and those required by the industry. The ultimate objective of any technology is to ensure that it provides comfort, leisure, productivity and improve the quality of life of citizens. As global economic competition grows sharper, technical & vocational education becomes an important source of competitive advantage, closely linked to economic growth, and a way for countries to attract jobs and investment. Countries like India therefore frequently see raising technical & vocational educational attainment as a way to raise the Human Capital Index. Due to fast technological changes, regular skills up gradation and multi skilling is indeed very essential to ensure the employability of labour force. Further, every year 6 to 8 million new persons are added to the labour force. They also require skill development. But the present facilities for skill development are highly inadequate in the country. “LEARNING” is a key word for success of Individual as well as Organization. “Learning” is more relevant in Indian Context because most of the time copying from outside system provide only a short term solution for any coming problem. Learning facilitates a better platform at which a range of Innovation can flourish in all types of sub systems.