MANILA, Nov. 28 (Xinhua) -- The Asian Development Bank (ADB) said Friday that it has approved an 846-million-U.S.-dollar loan to help build a future-ready workforce for India's manufacturing and emerging technology sectors.
The program will support the government's nationwide initiative by modernizing 650 industrial training institutes (ITIs) across 12 states through 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 1.3 million youth.
The bank said many of India's 3,500 ITIs struggle to deliver industry-relevant training, resulting in poor employment outcomes for graduates, and that the country's ITI system has not kept pace with the evolving skill demands of its rapidly growing manufacturing sector.
The program will introduce governance reforms through public-private partnerships that will grant ITIs greater autonomy, and upgrade infrastructure and digital systems to deliver demand-driven courses in high-growth sectors, such as renewable energy, electric mobility, and advanced manufacturing.
It will support energy-efficient infrastructure, disaster and health preparedness, and green jobs training.
The results-based lending modality used for program funds disbursements links disbursements to measurable results, such as improved graduate employment rates and strengthened institutional performance. Enditem
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