GOI & ADB Sign $85 Million Loan To Support Odisha Skill Development Project
The Government of India (GOI) and the Asian Development Bank (ADB) signed an $85 million loan on 03.12.2018 to improve the skill development eco-system in Odisha and establish an advanced skill training centre, the World Skill Center (WSC), in the state capital Bhubaneswar.
The signatories to the Odisha Skill Development Project were Shri Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs, Ministry of Finance, who signed on behalf of the Government of India, and Mr Kenichi Yokoyama, Country Director of ADB’s India Resident Mission, who signed for ADB.
“The project will improve the quality of the State’s TVET programs by making them relevant to industry and demand driven 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 Shri. Khare after signing the loan agreement.
“The project will engage Institute of Technical Education Services (ITEES), Singapore, to support Odisha Skill Development Authority in setting-up and operationalizing WSC which would offer internationally benchmarked advanced training programs for the working age population of Odisha,” said Mr Yokoyama.
The project will help over 150,000 people learn skills in priority sectors, including manufacturing, construction and services for formal employment.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 centre, a career counselling and placement centre, a curriculum design and development centre, and education technology deployment centre. 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 centres.
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