Ecnec approves Tk 1,050cr training project

Around three lakh people will be provided higher training to help them get jobs in six sectors including garment, light engineering, ship building and information technology, under a project going to be launched by the finance ministry.
The Skills for Employment Investment Programme (SELP Phase-1) project worth Tk 1,050 crore received a green light from the Executive Committee on National Economic Council yesterday. It will provide technical education in private and public sectors.
The Asian Development Bank will give Tk 780 crore in loans while the Swiss Agency for Development and Cooperation will grant about Tk 54 for the project.
The project will provide technical education to turn manpower into human resource, Planning Minister AHM Mustafa Kamal told the reporters after the meeting.
The finance ministry will supervise the implantation of the new project implemented under various ministries, said State minister for Finance and Planning MA Mannan.
Under the project set to end in 2017, around 47,000 people will be trained through different government institutions and the rest through private ones.
The project is among the four involving Tk 2,590 crore approved by Ecnec in its meeting with Prime Minister Sheikh Hasina in the chair.
A project, Enhancement of Capacity of Grid Sub-stations and Transmission Lines for Rural Electrification, involving Tk 1,333 crore, was also approved, with the World Bank financing Tk 913 crore.