MSDE Signs Landmark MoU with the World Economic Forum

In a major step towards deepening multilateral cooperation in skill development, vocational education, and training, 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 collaborate on strengthening India’s skills and Technical and Vocational Education and Training (TVET) ecosystem.

Through this MoU, MSDE will collaborate with the World Economic Forum to launch and implement a Skills Accelerator in India, a multistakeholder platform aimed at identifying, scaling, and accelerating innovative solutions and public–private partnerships to address critical skills gaps in the workforce. 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.

Commenting on the milestone achieved, 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.

Commenting on the announcement Sukanta Majumdar, Minister of State for Education 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.

Sanjiv Bajaj, Co-Chair for India Skills Accelerator, and Chairman & Managing Director, Bajaj Finserv Ltd., said, “The India Skills Accelerator initiative is a strategic step towards strengthening India’s long-term competitiveness

Through this partnership with the World Economic Forum, MSDE aims to accelerate reforms, deepen global linkages, and position India as a leading hub for skills, talent, and innovation, contributing to a resilient, inclusive, and future-ready workforce for the decades ahead.(updated on 22nd january 2026)