Updated By: LatestGKGS Desk
India & ADB sign US $150 Mn loan agreement for Global Skills Park in Madhya Pradesh
India & ADB sign US $150 Mn loan agreement for Global Skills Park in Bhopal, Madhya Pradesh: Details, Aim, Highlights
The Asian Development Bank (ADB) and India on 4th October 2018, signed a USD 150 million Loan Agreement in New Delhi to establish the first Global Skills Park (GSP) in Madhya Pradesh.
The Global Skills Park (GSP) will boost the quality of Technical and Vocational Education and Training (TVET) System in the State and create a more skilled workforce.
The Global Skills Park Project will engage international TVET partners to support advanced training at the GSP who will bring global best practices in TVET management, training infrastructure, and quality assurance.
The new GSP campus, which will be established in Bhopal will consist of core Advanced Training Institutes including the Center for Occupational Skills Acquisition and the Center for Advanced Agricultural Training as well as other support services.
The Global Skills Park 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.
Asian Development Bank (ADB)
Established: 1966
Headquarters: Manila, Philippines
President: Takehiko Nakao
Members: 67 (48 regional members)
Madhya Pradesh
Capital: Bhopal
Largest City: Indore
Districts: 52
Governor: Anandiben Patel
Chief Minister: Shivraj Singh Chouhan
