India and ADB sign $150 million loan agreement for first Skill Park in Madhya Pradesh

India and ADB sign $150 million loan agreement for first Skill Park in Madhya Pradesh
India and ADB sign $150 million loan agreement for first Skill Park in Madhya Pradesh

India and ADB sign $150 million loan agreement for first Skill Park in Madhya Pradesh

Asian Development Bank (ADB) and the Government of India signed a $150 million Loan Agreement in New Delhi to establish a Global Skills Park (GSP) 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 Global Skills Park (GSP), to be set up in Bhopal, will help enhance the quality of Technical and Vocational Education and Training (TVET) system in the state.

The campus will have training facilities focusing on skills for manufacturing, service, and advanced agricultural jobs, benefiting 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.

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