The Ministry of Skill Development and Entrepreneurship (MSDE), on Thursday, signed a memorandum of understanding (MoU) with the World Economic Forum (WEF) to launch and implement a Skills Accelerator in India, joining the league of six other countries which have similar tie-ups.
Skills Accelerator is a multistakeholder platform aimed at identifying, scaling, and accelerating innovative solutions and public–private partnerships to address critical skills gaps in the workforce by promoting lifelong learning, industry-aligned training, and large-scale reskilling.
Currently active skill accelerator countries include Azerbaijan, Bahrain, Brazil, Indonesia, Nigeria and Qatar.
“The Accelerator will support efforts to strengthen India’s technical and vocational education and training (TVET) ecosystem by ensuring closer alignment between skilling initiatives and the evolving demands of industry and the global economy,” the ministry said in a statement.
“By bringing government, industry, and education together, the initiative strengthens coordinated action to address current and emerging skill gaps, enable outcome-based skill financing, and promote lifelong learning and alignment with global labour-market demand,” Jayant Chaudhary, minister of state (independent charge), MSDE said.
The ministry is of the view that this initiative will significantly benefit India by bridging critical skill gaps, enhancing the global employability of our youth, and ensuring that India’s talent pool is aligned with emerging domains such as artificial intelligence, green energy, robotics, and advanced manufacturing.
“By promoting industry-linked training, mutual recognition of qualifications, and innovative financing for skilling, the partnership will strengthen our TVET ecosystem, support inclusive growth, and position India as a global hub for skilled manpower and innovation in the journey towards Viksit Bharat @2047,,” it said.
The Skills Accelerator will focus on strategically addressing skills gaps by promoting lifelong learning, upskilling, and reskilling, in line with India’s Vision @2047 and the National Education Policy (NEP) 2020.
As per the statement, the initiative will encourage flexible curriculum, integration of vocational and higher education pathways, mutual recognition of qualifications, and capacity building across institutions.
As part of the collaboration, the Accelerator will also support innovative financing mechanisms for skilling, enable strategic coordination among key stakeholders, and identify emerging global demand and supply trends across trades and job roles to enhance international employability.
“Special emphasis will be placed on collaboration in emerging Future of Work domains, including artificial intelligence, robotics, green energy, cybersecurity, and advanced manufacturing, alongside innovation-led activities such as hackathons and the rollout of a structured action plan,” the ministry said.
A governance framework involving co-chairs from government and the private sector will be created in collaboration with the World Economic Forum for setting the strategic direction of the Skills Accelerator and overseeing its implementation.
Skills Accelerator is a multistakeholder platform aimed at identifying, scaling, and accelerating innovative solutions and public–private partnerships to address critical skills gaps in the workforce by promoting lifelong learning, industry-aligned training, and large-scale reskilling.
Currently active skill accelerator countries include Azerbaijan, Bahrain, Brazil, Indonesia, Nigeria and Qatar.
“The Accelerator will support efforts to strengthen India’s technical and vocational education and training (TVET) ecosystem by ensuring closer alignment between skilling initiatives and the evolving demands of industry and the global economy,” the ministry said in a statement.
“By bringing government, industry, and education together, the initiative strengthens coordinated action to address current and emerging skill gaps, enable outcome-based skill financing, and promote lifelong learning and alignment with global labour-market demand,” Jayant Chaudhary, minister of state (independent charge), MSDE said.
The ministry is of the view that this initiative will significantly benefit India by bridging critical skill gaps, enhancing the global employability of our youth, and ensuring that India’s talent pool is aligned with emerging domains such as artificial intelligence, green energy, robotics, and advanced manufacturing.
“By promoting industry-linked training, mutual recognition of qualifications, and innovative financing for skilling, the partnership will strengthen our TVET ecosystem, support inclusive growth, and position India as a global hub for skilled manpower and innovation in the journey towards Viksit Bharat @2047,,” it said.
The Skills Accelerator will focus on strategically addressing skills gaps by promoting lifelong learning, upskilling, and reskilling, in line with India’s Vision @2047 and the National Education Policy (NEP) 2020.
As per the statement, the initiative will encourage flexible curriculum, integration of vocational and higher education pathways, mutual recognition of qualifications, and capacity building across institutions.
As part of the collaboration, the Accelerator will also support innovative financing mechanisms for skilling, enable strategic coordination among key stakeholders, and identify emerging global demand and supply trends across trades and job roles to enhance international employability.
“Special emphasis will be placed on collaboration in emerging Future of Work domains, including artificial intelligence, robotics, green energy, cybersecurity, and advanced manufacturing, alongside innovation-led activities such as hackathons and the rollout of a structured action plan,” the ministry said.
A governance framework involving co-chairs from government and the private sector will be created in collaboration with the World Economic Forum for setting the strategic direction of the Skills Accelerator and overseeing its implementation.
