UP Govt In Talks For Rs 13-bn ADB Loan To Upgrade Skill Development Infra

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(BS)

With industrial and infrastructure projects worth almost Rs 1.10 trillion in the pipeline, the Yogi Adityanath government is negotiating with multilateral finance agency Asian Development Bank (ADB) for a soft loan of Rs 13 billion to upgrade the state’s skill development infrastructure.

On July 29, Prime Minster Narendra Modi had laid the foundation of projects worth over Rs 600 billion across different sectors in a high ticket event in Lucknow. Additional projects worth Rs 500 billion are in the pipeline and would soon witness a similar ‘ground breaking’ ceremony, Chief Minister Adityanath had announced.

The state government wants to prepare a large pool of trained manpower for different sectors, including manufacturing, tourism, food processing, IT, medicine, etc, before these under development and proposed projects attain production stage in 2-3 years. These projects, alone, are expected to generate about 200,000 fresh jobs.

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