Manila-based multilateral lending agency the Asian Development Bank (ADB) will provide a loan of $ 112 million to establish a specialized university in Assam. The Government of India and the AfDB signed a loan of $ 112 million on December 17 to establish a specialized university in Assam that will strengthen the industry-aligned education and skills training system and flexible in the state, ” he said in a statement. declaration. Rajat Kumar Mishra, additional secretary at the Ministry of Finance, signed the agreement for the Indian government for the Assam Skill University (ASU) project, while Takeo Konishi, country director of the AfDB’s resident mission in India, signed for the AfDB.
The project will support the design and construction of an environmentally friendly and climate resilient ASU campus and facilities equipped with cutting edge technology, ADB said. It will also develop ASU’s management and operating systems, business models and promote the professional development of faculty members. Partnerships with leading institutional and industrial partners will ensure the design of flexible and industry-aligned skills education and training programs.
These will include cutting edge digital skills programs, career development programs and services, and continuing education programs, ADB said. “The project will strengthen collaboration between ASU and technical and vocational education and training institutions (TVET) and higher education institutions in the state and neighboring countries to establish programs for strategic industries communes, ”he said. The courses offered would include agriculture and food technology, manufacturing and construction, mobility, management and finance, tourism, hospitality and healthcare. The AfDB also said the loan is complemented by a $ 1 million grant from the Japan Poverty Reduction Fund to support the introduction of technologies for smart campus management and integrated management of education, learning and career development.
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