Andhra govt, Centre, AM/NS India sign pact to upgrade four ITIs
The project will add modern facilities, new trades and hands-on training to better align vocational education with industry needs.
- On Monday, the Andhra Pradesh government, the Centre, and ArcelorMittal Nippon Steel India signed a shareholders' agreement to upgrade four ITIs in the Visakhapatnam cluster at an investment of ₹200 crore.
- This initiative operates under the Centre-sponsored PM-SETU scheme, which has an outlay of ₹60,000 crore to upgrade 1,000 Government ITIs nationwide through industry partnerships.
- ArcelorMittal Nippon Steel India will hold a 51 per cent stake in the SPV, while the Andhra Pradesh government and the Centre hold 24.5 per cent each.
- Minister Nara Lokesh stated the partnership equips students at Kancharapalem, Industrial Estate, Bobbili, and Narsipatnam institutes with practical skills, aiming to improve employability and support the state's industrial growth.
- Ashutosh Telang, director at ArcelorMittal Nippon Steel India, said the initiative brings NAMTECH's technical education expertise to the cluster, ensuring improved facilities and instructor training meet employer needs.
16 Articles
16 Articles
The Economic Times
Andhra govt, Centre, AM/NS India sign pact to upgrade four ITIs
The Andhra Pradesh government and AM/NS India signed an agreement to upgrade four Industrial Training Institutes. This significant investment of Rs 200 crore will develop industry-relevant skills for students. The project will be managed through a special purpose vehicle in which AM/NS India holds the majority stake. Enhanced facilities and training programs aim to improve employability for local youth in Andhra Pradesh.
₹200 Crore ITI Upgrade in Visakhapatnam Makes AM/NS India Cluster First to Secure PM SETU Approval - Prittle Prattle News
The Visakhapatnam project will establish a dedicated SPV with AM/NS India holding 51% ownership and the Central and Andhra Pradesh governments holding 24.5% each. NAMTECH will support the technical and academic upgrades. The post ₹200 Crore ITI Upgrade in Visakhapatnam Makes AM/NS India Cluster First to Secure PM SETU Approval first appeared on Prittle Prattle News.
Andhra Pradesh's Visakhapatnam ITI cluster becomes India's first to win PM-SETU approval; AM/NS India to invest Rs 200 crore upgrading four Government ITIs
State, Centre and AM/NS India sign agreement to give students industry-grade skills for manufacturing jobs: Minister Nara Lokesh Visakhapatnam/Mumbai, October 12, 2026- The Government…
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