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Odisha, ADB sign agreement for skill development

IANS  |  Bhubaneswar 

The on Monday signed a loan agreement of $85 million with (ADB) to train 1.5 lakh youths in the state, officials said.

With this assistance, youths in the age group of 15-34 years will be given skill development training to make them competent to get better work and higher paying jobs, a government statement said.

The total cost of the project is $193 million with the contributing $108 million, it added.

In addition, the will provide technical aid for capacity building through the

The ADB would also provide $2 million as technical assistance for capacity building component of the project.

In the project, the and ITE Education Services, will cooperate in the establishment and operation of (WSC) in Bhubaneswar.

Training programmes at WSC have been designed to cater to the requirement of the industry through experiential learning.

The WSC would also act as a hub for all the Spoke ITIs to train the youths, advising on the curriculum development and developing the infrastructure of the ITIs.

The project aims to significantly reduce unemployment and under-employment rates in Odisha by 2025, it said.

--IANS

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

First Published: Mon, December 03 2018. 21:14 IST
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