You are here: Home » News-IANS » Business-Economy
Business Standard

ADB to lend $85 mn for World Skill Centre in Bhubaneswar

IANS  |  New Delhi 

and (ADB) on Monday signed a $85 million loan agreement to improve the skill development eco-system in and set up an advanced skill training centre - (WSC) - in

The project will improve the quality of the Technical and Vocational and Training (TVET) programs in the state by making them relevant to industry and demand driven, and will impart occupation-ready skills training, an official statement said.

"It would also complement the efforts to target the employment needs of the emerging sectors in and globally," said Ministry after signing the loan agreement on behalf of

ADB's Kenichi Yokoyama, who signed the Skill Development Project, said it will engage Singapore-based Services (ITEES), a unit of the of Technical (ITE).

ITEES will support Skill Development Authority in setting-up and operationalizing WSC which would offer internationally bench marked advanced training programs for the working age population of Odisha, Yokoyama said.

The project aims to help 1,50,000 people learn skills in priority sectors like manufacturing, construction and services. The WSC will deliver eight training courses for 13,000 full-time students, train 5,000 teachers and 1,000 assessors.

It will improve the overall eco-system of skill development in Odisha by providing integrated services through an entrepreneurship incubation center, a career counseling and placement center, a curriculum design and development center and education technology deployment center, the Ministry statement said.

These important functions of WSC will support a network of government ITIs and develop skills and capacity of polytechnics, college of engineering and other private skilling centers.

ADB will also administer a $2 million technical assistance grant from the Fund for Poverty Reduction, financed by the Government of that will support capacity development activities under the project.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 20:44 IST