ADVERTISEMENT
  • News
  • New York
  • Technology
  • Culture
  • Entertainment
  • Sport
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Thursday, June 19, 2025
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Business

World Bank, Government Sign New Agreement to Improve Quality of Education across 200 Engineering Institutes

The FINANCIAL by The FINANCIAL
February 1, 2017
in Business
Reading Time: 3 mins read
7
A A
0
ADB Supports India’s First TVET Skills Park to Boost Employability in Madhya Pradesh
Share on FacebookShare on Twitter

 

The FINANCIAL — The Government of India and the World Bank on February 1 signed a US$ 201.50 million credit agreement to enhance the quality and equity of engineering education across several focus states in India.

Technical Education Quality Improvement Project (TEQIP III), signed today, is the third phase of an envisioned 15-20 year phased program initiated with the first phase of TEQIP from 2002 to 2009. TEQIP III builds on the significant results achieved in the two phases of the project which together supported over 250 engineering institutes such as NIT Surathkal, College of Engineering Pune, Jawaharlal Nehru Technological University Hyderabad, and BIT Mesra. It has made a considerable impact on the quality of education by implementing institutional and policy reforms focusing on institutional autonomy and accountability.

RelatedPosts

Valor Hospitality Partners announces two significant deals in West Africa,

Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

TEQIP III will support approximately 200 engineering education institutes across India to produce higher quality and more employable engineers. The focus of the project is to strengthen engineering education in India’s low-income, hill states and states of the North East. Importantly, TEQIP III will support Affiliating Technical Universities for the first time, and thereby multiply project benefits to all affiliated colleges, not just those being supported individually. It is estimated that, by project closing, roughly 3 million undergraduate and post-graduate students, of which 30 percent will likely be female and 20 percent from scheduled castes and tribes, and over 100,000 faculty and staff would have benefitted. It will also scale up post-graduate education, research, development and innovation at these institutions, according to the World Bank.

The agreement for the project was signed by Raj Kumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India; and Junaid Ahmad, Country Director, World Bank India, on behalf of the World Bank.

TEQIP’s third phase will respond to the need to make distribution of skills among labor market entrants more equitable across different regions of the country by focusing on states with under-performing engineering education systems (focus states). Nearly 50 percent of the population lives in India’s low income states, hill states, and states of the north east with poverty rates close to 48 percent. In these states, 16.8 percent of those in higher education study engineering courses, against 28.4 percent in other states and access to engineering courses is particularly limited for students from poorer households. Even for those who are able to enroll, the challenge is not over, with specific groups such as students from scheduled castes and tribes and female students having lower transition rates from the first year to the second year, relative to other students, leading to higher dropout rates from students in this category.

See also  Proservice Launches Cloud Solutions, Expanding Infrastructure with Innovations

“The focus on strengthening engineering education and research under TEQIP III will help prospective labor market entrants acquire the skills needed to produce a world-class technical workforce,” said Junaid Ahmad, World Bank Country Director in India. “This project will help India meet its growing demand for highly qualified engineers – a demand which has been growing parallel to its rapid economic growth.”

TEQIP III will intensify its efforts in the focus states with the support of central and state governments and with active participation of higher education institutions, including the IITs, IIMs and other high-performing institutes across the country. “As with previous phases of TEQIP, the country’s top institutes will mentor TEQIP colleges and help them develop their curriculum, faculty and students”, said R. Subrahmanyam, Additional Secretary, Department of Technical Education, Ministry of Human Resources Development, the implementing agency for the project. 

“There are three key areas of concern countrywide, but especially troubling in the poorer states: employability, research, and equity. A World Bank-FICCI study in 2014–15 found that employers were not satisfied with the technical skills of recent graduates. For improving these outcomes in the poorer states, institutes need greater autonomy, full-time faculty members and incentives to invest in research. This will allow them and their faculty to teach students the skills that the Indian economy demands, in particular problem-solving skills, creativity and flexibility,” said Tara Béteille, Senior Economist and Francisco Marmolejo, Lead Economist and World Bank’s Task Team Leaders for the project.

At the institutional level, project-funded activities include improved governance, training faculty and staff, investing in cutting-edge hardware and software, improving non-cognitive skills of students, student career counseling and placement and increasing interaction with industry, incentives for joint research and collaborations across disciplines and institutes. At the system-level, the project will support the design and implementation of student assessment systems, sustainable faculty recruitment plans in select states, improving the efficiency of examination systems, innovations in technology-driven education, student placement opportunities and better data management and use. Importantly, all focus state institutes will be twinned with high-performing engineering institutes from TEQIP I and II to facilitate knowledge exchanges, optimal use of resources and building long-term strategic partnerships.

TEQIP III will also build the capacity of technical education policy planners and administrators. As with previous phases of TEQIP, substantial efforts will be devoted to monitoring and evaluation to ensure that the investments result in better performance of the selected institutions.

The credit is from the International Development Association (IDA) – the World Bank’s concessionary lending arm with a maturity of 25 years, including a 5-year grace period.

 

Related Posts

Valor Hospitality Partners announces two significant deals in West Africa,
Business

Valor Hospitality Partners announces two significant deals in West Africa,

by The FINANCIAL
June 19, 2025
0

Cape Town, - Valor Hospitality Partners, a global leader in full-service hospitality solutions, today announced the signing of two new...

Read more
Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

June 19, 2025
Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

June 19, 2025
Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

June 17, 2025

Discussion about this post

  • Trending
  • Comments
  • Latest
Ampersand wins £22m five-year contract at London Zoo

Ampersand wins £22m five-year contract at London Zoo

June 25, 2012
Goga Samushia, Director of Commersant

Commersant to Launch New Multimedia Finance Project

June 14, 2025
EasyJet to fly to London from Stockholm Arlanda

The London Diplomatic List, Addresses, Contacts & Working Hours

January 23, 2023
Leon Botstein’s Five-Decade Transformation at Bard College

Leon Botstein’s Five-Decade Transformation at Bard College

May 28, 2025
Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

June 17, 2025
CityBlue Hotels opens its first Beach Property in Kenya

CityBlue Hotels opens its first Beach Property in Kenya

June 19, 2025
65% of Europeans see EU membership as a good thing, the highest result since 2007 

The Enchantment of Ukrainian Women and Building Bridges through Luludate

June 19, 2025
Rewriting intelligence: How AI models are reshaping tomorrow

OPIT – Open Institute of Technology launches AI agent to support students and staff

June 19, 2025
Moldova: European Council endorses agreement on financial assistance

Republic of Moldova has improved measures to combat money laundering and terrorism financing

June 19, 2025
Valor Hospitality Partners announces two significant deals in West Africa,

Valor Hospitality Partners announces two significant deals in West Africa,

June 19, 2025
ADVERTISEMENT

Popular Last 24h

  • EasyJet to fly to London from Stockholm Arlanda

    The London Diplomatic List, Addresses, Contacts & Working Hours

    3132 shares
    Share 1253 Tweet 783
  • Ampersand wins £22m five-year contract at London Zoo

    3671 shares
    Share 1468 Tweet 918
  • Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

    19 shares
    Share 8 Tweet 5
  • Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

    17 shares
    Share 7 Tweet 4
  • MArriott International Announces Plans to Add More Than 50 Properties and Over 9,000 Rooms to Africa Net

    16 shares
    Share 6 Tweet 4
  • OPIT – Open Institute of Technology launches AI agent to support students and staff

    15 shares
    Share 6 Tweet 4
  • Republic of Moldova has improved measures to combat money laundering and terrorism financing

    15 shares
    Share 6 Tweet 4

LATEST POSTS

CityBlue Hotels opens its first Beach Property in Kenya

CityBlue Hotels opens its first Beach Property in Kenya

June 19, 2025
65% of Europeans see EU membership as a good thing, the highest result since 2007 

The Enchantment of Ukrainian Women and Building Bridges through Luludate

June 19, 2025
Rewriting intelligence: How AI models are reshaping tomorrow

OPIT – Open Institute of Technology launches AI agent to support students and staff

June 19, 2025
Moldova: European Council endorses agreement on financial assistance

Republic of Moldova has improved measures to combat money laundering and terrorism financing

June 19, 2025
Valor Hospitality Partners announces two significant deals in West Africa,

Valor Hospitality Partners announces two significant deals in West Africa,

June 19, 2025
Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

June 19, 2025
Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

June 19, 2025
Marriott launches week of wonders

MArriott International Announces Plans to Add More Than 50 Properties and Over 9,000 Rooms to Africa Net

June 19, 2025
Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

June 17, 2025
Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

June 17, 2025

LATESTBUSINESS

Valor Hospitality Partners announces two significant deals in West Africa,

Valor Hospitality Partners announces two significant deals in West Africa,

by The FINANCIAL
June 19, 2025
0

Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

by The FINANCIAL
June 19, 2025
0

Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

by The FINANCIAL
June 19, 2025
0

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

by The FINANCIAL
June 17, 2025
0

Tips for Remodeling on a Budget

Tips for Remodeling on a Budget

by The FINANCIAL
June 17, 2025
0

 ‘Why Did My Car Insurance Go Up for No Reason?’

Insurers boost private assets allocations as capital increases

by The FINANCIAL
June 17, 2025
0

Elite Lauches in Lebanon

U.S. Counts 1,873 Listed Billion-Dollar Companies, More Than the Next Eight Economies Combined

by The FINANCIAL
June 17, 2025
0

7 Digital Marketing Techniques for Business Owners in 2020

Lockton Surprasses $4 Billion in FY2025 revenue

by The FINANCIAL
June 16, 2025
0

GET IN TOUCH

Submit guest post/Letters to the Editor:

editor (at) finchannel.com

Sales & Marketing: (+995 558) 03 03 03 Email: marketing (at) finchannel.com

Whatsup: (+995 599) 96 52 52

Georgia:

(+995 599) 96 52 52 Email: editor (@) finchannel.com

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2025 Intelligence Group llc

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.