New Delhi, Sept. 11 -- The Tata Group will invest over Rs.500 crore to establish two Indian Institutes of Skills (IISs) - one in Mumbai and another in Ahmedabad in collaboration with the ministry of skill development and entrepreneurship, the union government said Wednesday.

Inspired by the Indian Institute of Technology (IIT) model of education, the IIS will be developed on a public-private-partnership (PPP) mode with land coming from government and capital from the Tata Group.

While the IIS Mumbai foundation was laid Wednesday by skills minister M.N. Pandey in the presence of Tata Group Chairman N. Chandrasekaran, a formal announcement related to the Ahmedabad IIS will be made over the next couple of weeks.

"Tata Group will build two...