The National Steering Committee (NSC) has approved the Strategic Investment Plan (SIP) for the Visakhapatnam ITI Cluster in Andhra Pradesh under the PM-SETU scheme, submitted by a private company named Arcelor Mittal Nippon Steel India.
The approval marks the first-ever SIP to be cleared under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme. It also makes Andhra Pradesh the first State to operationalise an industry partnership under the scheme.
The approval was accorded during the 3rd NSC Meeting convened by the Ministry of Skill Development and Entrepreneurship (MSDE) in New Delhi.
The MSDE said that the milestone represents a significant step towards transforming Industrial Training Institutes (ITIs) into industry-managed, outcome-oriented institutions capable of responding to evolving workforce requirements. It added that the approval will serve as a model for other States seeking to strengthen industry participation in vocational education and training and accelerate the implementation of PM-SETU interventions across the country.
PM-SETU is a flagship initiative of the Government with an outlay of sixty thousand crore rupees. The initiative aims to transform one thousand Government ITIs through an industry-led Hub-and-Spoke model.
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