Current Affairs - Places - Discussion

The Asian Development Bank (ADB) has approved a $150 million loan to establish India's first multi-skills park in Bhopal. As per ADB, the skills gap in Madhya Pradesh is expected to increase in the next 6 years, with an incremental demand for skilled workers projected to hit 5.6 million in 2024. This new flagship Global Skills Park (GSP) is to be equipped with international training facilities to enhance the quality of Madhya Pradesh's Technical and Vocational Education and Training (TVET) system. It will create a more skilled workforce that meets the labour market needs of the state. The GSP campus, which will serve as the state's central hub for other TVET institutes, will have training facilities focusing on skills for manufacturing, service, and advanced agricultural jobs, benefitting about 20,000 trainees and trainers.