The minister said the finer details are being worked out and the memorandum of understanding (MOU) will be signed within a few months.
The MOU will help tap the edX platform and open courseware of the prestigious institute located in Boston, to develop alternative learning mechanisms in the wake of serious dearth of qualified teaching professionals, Lakshmaiah said.
"The MIT faculty was pleasantly surprised to learn that Andhra Pradesh has about 700 engineering colleges and assured their cooperation in skill development," the minister said.
Lakshmaiah said the global potential of electronic hardware industry is estimated at USD 2.4 Trillion by 2020 and the demand for the Indian market that stood at USD 45 Billion is expected to touch USD 400 Billion by 2020.