A loan agreement for the Assam Skill University project in Mangaldoi was signed with the Asian Development Bank (ADB) paving the way for creating a world-class skill university in Assam, an official statement said on December 17.
The loan agreement was signed between the country director of ADB’s India resident mission Takeo Konishi and Assam Skill Development Mission director Adil Khan.
Skill employment entrepreneurship minister Chandra Mohan Patowary termed the event as a major achievement which will pave the way for the creation of a pool of skilled manpower in Assam and ensuring the employability of the youth of the region.
The Assam Skill University is being set up under the External Aided Project (EAP) funded by Asian Development Bank. The value of the project is estimated to be $140 million including the state share of 20%.
An additional grant of$1 million is also provided as technical assistance by the ADB.
The state government has allotted 250 bigha land in Mangaldoi for the university. The Assam Skill University Act-2020 has already been passed by the Assam legislative assembly and the university has started its initial activities.
The process of designing and construction of the university has been initiated in consultation and alignment with ADB’s policy and guidelines.
The construction work is expected to start on the ground in Mangaldoi by early next year and the university campus is expected to be completed by 2027.
Vice-chancellor of the university has already been appointed and the curriculum will be operating from an interim campus soon.
As per the detailed project report, nine schools have been proposed for the university that will cater to the needs of local entrepreneurs, start-ups, and micro, small, and medium-sized enterprises (MSMEs) for technology, digital, business, and skilling solutions.