Asian Dev Bank helps establish skill Development University in Assam
Asian Dev Bank helps establish skill Development University in Assam
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The Asian Development Bank (ADB) has signed a loan agreement with Assam Skill Development Mission (ASDM) for the setting up of a university, an official release said.

The Assam Skill University will be established as part of an externally assisted project funded by the Asian Development Bank. On Friday, ADB Country Director Takeo Konishi and Assam Skill Development Mission Director Adil Khan signed the loan agreement.

Industry, Commerce, and Skill Development Minister Chandra Mohan Patowary described the event as a significant achievement in terms of creating a pool of skilled labour in Assam. The project's estimated cost was USD 140 million, including the state's share of 20 percent.  "With a USD 140 million investment, this first government skill university of Eastern India will impart global quality skill education to our youth, ensuring employability and industrial development," the minister tweeted.

The Asian Development Bank (ADB) has approved a USD 112 million loan to strengthen skill education and training through the establishment of the university. According to the release, the ADB is also providing technical assistance in the amount of USD one million. The state government has allotted 250 bighas of land in Mangaldoi for the skill development institute, and construction is set to begin early next year. The project is expected to be finished by 2027.

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