Dhaka, July 19 -- The government is seeking $300 million in loan assistance from South Korea's Economic Development Cooperation Fund (EDCF) to upgrade 64 technical training centres (TTCs) and six institutes of marine technology into centres of excellence, said officials concerned.

Modernising these institutions - some of which date back 60 years, with most over four decades old - will enable the Bureau of Manpower, Employment and Training (BMET) to produce 400,000 skilled graduates, who meet global standards, annually, which is more than 13 times the current output of around 30,000, they added.

The Ministry of Expatriates' Welfare and Overseas Employment recently submitted the preliminary development project proposal (PDPP) to the Plann...