India, Jan. 22 -- Union ministry of skill development and entrepreneurship (MSDE) has signed a Memorandum of Understanding (MoU) with the World Economic Forum (WEF) to collaborate on strengthening India's skills and Technical and Vocational Education and Training (TVET) ecosystem.

The ecosystem involves skill centres, Industrial Training Institutes (ITIs) and polytechnics, that deliver practical skills for jobs, careers, and employability.

Under the MoU, the ministry will collaborate with the WEF to launch and implement a 'Skills Accelerator' in India, a multi-stakeholder platform aimed at identifying, scaling, and accelerating innovative solutions and exploring public-private partnerships to address critical skills gaps in the workforc...