India Development News & Foreign Investment Opportunities

ADB’s US$85M for Odisha Skill Development Project

Singapore support for Bhubaneswar WSC

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Singapore support for Bhubaneswar WSC

 

Singapore’s Institute of Technical Education Services (ITEES) will support Odisha Skill Development Authority in setting-up and operationalizing World Skill Centre (WSC) of international standards.

The project, including WSC will help over 150,000 people learn skills in priority sectors, including manufacturing, construction and services for formal employment.

The project will engage ITEES to support Odisha in setting-up and operationalizing WSC which would offer internationally bench marked advanced training programs for the working age population of Odisha, said Kenichi Yokoyama, Country Director of ADB’s India Resident Mission.

WSC will deliver eight training courses for 13,000 full-time students, provide training for 5,000 teachers, and train 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.

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 Japan Fund for Poverty Reduction, financed by the Government of Japan that will support capacity development activities under the project

The details were released after ADB signed US$85 million loan for the project to improve the skill development eco-system in Odisha.

The loan was signed with the Indian government on 3 Dec 2018 in Delhi.

The signatories to the Odisha Skill Development Project were Shri

Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs, signed on behalf of the Government.

“The project will improve the quality of the State’s Technical and Vocational Education and Training (TVET) programs by making them relevant to industry and demand driven.

“It and will impart advanced occupation-ready skills training aligned with international standards. It would also complement the efforts to target the employment needs of the emerging sectors in India and globally,” said Khare after signing the loan agreement. fiinews.com

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