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.

Next Story
Infrastructure Urban

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Next Story
Infrastructure Urban

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Next Story
Infrastructure Transport

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement