Current Affairs - Finance - Discussion

The Asian Development Bank (ADB) approved a $109.97 million loan to enhance the skills development infrastructure in Gujarat, India. This funding supports a large-scale initiative aimed at aligning technical and vocational education with industry demands across sectors such as IT, healthcare, renewable energy, and logistics. Partnering with Gujarat’s Labor Department and Kaushalya: The Skill University, the project will upgrade 11 Industrial Training Institutes and create Centers of Excellence. ADB's involvement brings global expertise and financial strength to help establish a replicable, future-ready model for workforce development, advancing India's goals under the National Education Policy and regional economic ambitions.