Odisha Gets ADB Funds

Negotiations for the $175 million Odisha Skill Dev Project was held today at India Resident Mission of Asian Development Bank, New Delhi between Government of India, Government of Odisha and Asian Development Bank (ADB).

Rishikesh Singh, Director, Department of Economic Affairs (DEA), Brajesh Panth, Technical Advisor (Education), ADB and Sanjay Kumar Singh, Secretary, Skill Development & Technical Education signed the negotiation document.
The project entails setting up of Eight Advanced Skill Training Institute (ASTI) as Hubs and Development of 30 Government Industrial Training Institute(ITI)s as Spokes for imparting advanced skills training to the  youth and to make them employable.
It involves 110 million Dollars ADB loan and 65 million Dollars as State share.
The Program aims to rain two lakh youth in next five years in advanced technology, create 100 Master trainers, 20000 Trainers and 100 Assessors, with 70 Percent job placement.
State Government has taken up skill development program in a big way and ADB support in this regard has come as a booster dose for Odisha Initiative.
For quite some time Skill Development and Technical Education Secretary Mr.Singh has been pursuing the project with DEA and ADB, which is finally going to take off in the State.
Places for ASTIs to be set have been identified and the leading ITIs will be modernized and advanced skill training will be provided.

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