First global skills park comes in MP with $150 million
Economy

First global skills park comes in MP with $150 million

New Delhi, Oct 4: The Centre and the Asian Development Bank on Wednesday signed a 150 million dollars loan agreement to establish a Global Skills Park in Madhya Pradesh -- the first multi-skills park in India -- to enhance the quality of technical and vocational education and training (TVET) system in the state and create a more skilled workforce.

The pact was signed between Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs (Fund Bank and ADB) and Kenichi Yokoyama, Country Director of ADB’s India Resident Mission.

Speaking on the occasion, Mr Khare said the project will help improve the quality and relevance of the state’s TVET programmes and will help impart advanced job-ready skills training of international standards that can meet the employment needs of the state’s emerging sectors.

The new GSP campus, which will be established in Bhopal will consist of core Advanced Training Institutes including the Center for Occupational Skills Acquisition and the Center for Advanced Agricultural Training as well as other support services focusing on entrepreneurship, training of trainers, and skill-related research. The campus will have training facilities focusing on skills for manufacturing, service, and advanced agricultural jobs, benefitting about 20,000 trainees and trainers. The Project will also help in modernizing 10 industrial training institutes across the state by renovating training infrastructure and upgrading skills courses to align with industry and market needs. UNI