On September 28, 2018, Asian Development Bank (ADB) approved a $150 million loan to establish the first multi- skills park in Madhya Pradesh to boost employment in the state.

1. The facilities will help enhance Madhya Pradesh’s technical and vocational education and training (TVET) system.
2. The new flagship Global Skills Park (GSP) campuswill be established in Bhopal.
3. It will consist of the core advanced training institutes including the Center for Occupational Skills Acquisition and Center for Advanced Agricultural Training.
4. These institutes would provide entrepreneurship, training of trainers, and skill-related research benefitting about 20,000 trainees and trainers.

Other News:

• ADB will also administer a $2 million technical assistance grant from the Japan Fund for Poverty Reduction, financed by the Government of Japan.
• This will be for guidelines and setting up of the GSP Society and development of reforms for industrial training institutes.
• The Madhya Pradesh Skills Development Project will also help in modernizing 10 industrial training institutes across the state according to industry and market needs.
• It would include renovating training infrastructure and upgrading skills courses.