ADB Approves $846 Million Loan to Boost Skills and Employability in India
India, Nov. 27 -- The Asian Development Bank (ADB) has approved an $846 million loan to help build a future-ready workforce for India's manufacturing and emerging technology sectors.The Supporting Pradhan Mantri Skilling and Employability Transformation through Upgraded Industrial Training Institutes (ITIs) Program will support the government's nationwide program through modernizing 650 ITIs across 12 states under a hub-and-spoke cluster model and upgrading five National Skill Training Institutes (NSTIs) into centers of excellence for advanced trainer development. These reforms aim to strengthen governance, boost private sector participation, and deliver industry-aligned training-including green skills-to improve employability for at least ...
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