The Skills for Industry Competitiveness and Innovation Program (SICIP) is designed to cultivate a workforce proficient in emerging technologies, with a particular focus on priority and new industries in Bangladesh. Supported by a $300 million results-based lending facility from the Asian Development Bank (ADB) & $75 million from GoB, SICIP aligns with the Government of Bangladesh’s Skills Development Framework for Economic Competitiveness 2023 and the Eighth Five Year Plan.
Over its six-year implementation period (2024–2029), SICIP is expected to benefit approximately 220,000 new and existing workers. Building upon the government’s flagship Skills for Employment Investment Program (SEIP)—financed by ADB through a $350 million multi-tranche facility and implemented from 2014 to 2024—SICIP has broadened its scope to enhance productivity and employability across thirteen priority sectors.
It expands training and strengthens the development ecosystem to encompass additional emerging sectors, including semi-conductors, automotive, electronics, and pharmaceuticals.
The program encompasses all levels of skills development across multiple priority and emerging sectors. It will establish a responsive ecosystem for advanced and technology-oriented skills training through targeted capacity-building initiatives and funding mechanisms. SICIP will facilitate mid-level management training via university partnerships to address the shortage of skilled managerial and supervisory personnel. These courses will be designed to align with current and future industry needs, including skills for climate-resilient business processes. Targeted training programs will support inclusive skilling and upskilling for women and marginalized groups, while multi-skilling initiatives will help garment sector workers adapt to automation-induced job losses. Additionally, SICIP will enhance the international competitiveness of Bangladeshi workers by offering globally certified training for potential migrant workers.