GUWAHATI: The Asian Development Bank (ADB) on Friday signed a loan agreement with Assam Skill Development Mission for establishment of a university at Mangaldoi. The estimated cost of the project is US$140 million.
The state government has allotted 250 bighas of land and the construction work is expected to commence by early next year. The project is likely to be completed by 2027.
The loan agreement was signed between ADB’s country director Takeo Konishi and Assam Skill Development Mission director Adil Khan. State industry, commerce and skill development minister Chandra Mohan Patowary termed the event as a major achievement for creation of a pool of skilled manpower in Assam.
“With an investment of USD 140 million, this first government skill university of eastern India will impart global quality skill education to our youth, ensuring employability and industrial development,” the minister wrote on Twitter.
The ADB has approved a loan of USD 112 million to strengthen skill education and training through the establishment of the university. An additional grant of USD one million is also being provided as technical assistance by the ADB, according to an official statement.
According to the detailed project report, nine schools have been proposed under the university that will cater to the needs of local entrepreneurs, startups, and micro, small and medium enterprises for technology, skill and businesses.
FacebookTwitterLinkedinEMail
.