India signs loan pact with ADB to establish its first-ever Global Skills Park (GSP) in Madhya Pradesh

India has signed $150 million loan pact with the Asian Development Bank (ADB) to establish its first-ever Global Skills Park (GSP) in Bhopal, Madhya Pradesh. The aim of the GSP is to enhance the quality of Technical and Vocational Education And Training (TVET) System in the State and create a more skilled workforce. The new GSP campus 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 focusing on entrepreneurship, training of trainers, and skill-related research. The campus will have training facilities focusing on skills for manufacturing, service, and advanced agricultural jobs, benefitting 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.