MSDE, WEF Sign MoU to Boost Skills and Vocational Training
ECONOMY & POLICY

MSDE, WEF Sign MoU to Boost Skills and Vocational Training

In a significant move to strengthen India’s vocational education and skilling ecosystem, the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India, has signed a Memorandum of Understanding (MoU) with the World Economic Forum (WEF) to deepen collaboration in skill development, vocational education and training.

Under the MoU, MSDE will work with the World Economic Forum to launch and implement a Skills Accelerator in India. The multistakeholder platform will focus on identifying, scaling and accelerating innovative solutions and public–private partnerships to address critical workforce skill gaps. The initiative aims to strengthen India’s Technical and Vocational Education and Training (TVET) ecosystem by aligning skilling initiatives more closely with evolving industry needs and global labour market demand.

Commenting on the development, Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of Education, Government of India, said, “What began as a strategic vision to align India’s skilling ecosystem with the future of work has now taken a structured and global form. The formalization of the India Skills Accelerator, in partnership with the World Economic Forum, marks a key milestone in building a future-ready, globally competitive workforce.”

Sukanta Majumdar, Minister of State for Education, Government of India, said, “I warmly welcome the landmark MoU between the Ministry of Skill Development & Entrepreneurship and the World Economic Forum to launch the Skills Accelerator in India.” He added that the initiative aligns strongly with the National Education Policy (NEP) 2020 and will help bridge critical skill gaps while enhancing global employability of Indian youth.

The Accelerator will promote lifelong learning, upskilling and reskilling, while encouraging flexible curricula, integration of vocational and higher education pathways, and mutual recognition of qualifications. MSDE will work closely with institutions and regulators such as AICTE and UGC to support implementation and scale.

The partnership also places strong emphasis on emerging future-of-work domains including artificial intelligence, green energy, robotics, cybersecurity and advanced manufacturing. Through this collaboration, MSDE aims to deepen global linkages and position India as a leading hub for skills, talent and innovation in line with Vision India@2047.

In a significant move to strengthen India’s vocational education and skilling ecosystem, the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India, has signed a Memorandum of Understanding (MoU) with the World Economic Forum (WEF) to deepen collaboration in skill development, vocational education and training.Under the MoU, MSDE will work with the World Economic Forum to launch and implement a Skills Accelerator in India. The multistakeholder platform will focus on identifying, scaling and accelerating innovative solutions and public–private partnerships to address critical workforce skill gaps. The initiative aims to strengthen India’s Technical and Vocational Education and Training (TVET) ecosystem by aligning skilling initiatives more closely with evolving industry needs and global labour market demand.Commenting on the development, Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of Education, Government of India, said, “What began as a strategic vision to align India’s skilling ecosystem with the future of work has now taken a structured and global form. The formalization of the India Skills Accelerator, in partnership with the World Economic Forum, marks a key milestone in building a future-ready, globally competitive workforce.”Sukanta Majumdar, Minister of State for Education, Government of India, said, “I warmly welcome the landmark MoU between the Ministry of Skill Development & Entrepreneurship and the World Economic Forum to launch the Skills Accelerator in India.” He added that the initiative aligns strongly with the National Education Policy (NEP) 2020 and will help bridge critical skill gaps while enhancing global employability of Indian youth.The Accelerator will promote lifelong learning, upskilling and reskilling, while encouraging flexible curricula, integration of vocational and higher education pathways, and mutual recognition of qualifications. MSDE will work closely with institutions and regulators such as AICTE and UGC to support implementation and scale.The partnership also places strong emphasis on emerging future-of-work domains including artificial intelligence, green energy, robotics, cybersecurity and advanced manufacturing. Through this collaboration, MSDE aims to deepen global linkages and position India as a leading hub for skills, talent and innovation in line with Vision India@2047.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement