India and Japan on Wednesday signed an agreement for cooperation in skill development, under which India proposed to send three lakh youth to Japan for on-job training for 3-5 years.
Japan will bear the financial cost of the skill training of Indian technical interns, petroleum minister who is also in charge of the government's skill development and entrepreneurship programme, Dharmendra Pradhan said.
The minister said the union cabinet has approved the signing of a memorandum of cooperation (MoC) between India and Japan on the 'Technical Intern Training Program (TITP)'.
The MoC, he said, is expected to be signed during his three-day visit to Tokyo starting 16 October.
"TITP is an ambitious program to send three lakh Indian technical interns to Japan for on the job training for a period of three to five yrs," Pradhan said in a tweet.
He said the youth will sent for training in the next three years with Japanese financial assistance.
"Each skilled youth going there will have a tenure of 3-5 years. These youth will work in the Japanese ecosystem and get employment opportunities there along with accommodation facility," the minister said.
About 50,000 of them may also get jobs in Japan, he added.
The selection of the youth will be done in a transparent manner according to Japanese requirements.
"When these youth return from Japan they will contribute to our industry as well," the minister said.
An official release said the MoC is expected to pave the way for bilateral cooperation between the two countries in the area of skill development.