New Delhi: The National Steering Committee (NSC) of Central government has approved the Strategic Investment Plan (SIP) for the Visakhapatnam ITI Cluster in Andhra Pradesh, submitted by ArcelorMittal Nippon Steel India (AM/NS India) along with their academic partner New Age Makers Institute of Technology (NAMTECH).
The approval marks the first-ever Strategic Investment Plan to be cleared under PM-SETU and makes Andhra Pradesh the first State to operationalize an industry partnership under the scheme.
With this approval, Andhra Pradesh becomes the first State under PM-SETU to onboard an Anchor Industry Partner (AIP), marking a major milestone in the operationalization of the industry-led Hub-and-Spoke model envisioned under the scheme.
Must Read: India’s LPG production hits record high of 92 TMT per day: Petroleum Ministry
The successful approval of the proposal is expected to 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.
The National Steering Committee reviewed the overall progress of PM-SETU implementation across participating States and deliberated on policy and implementation measures aimed at strengthening industry participation, improving institutional governance, enhancing the financial sustainability of Special Purpose Vehicles (SPVs), and accelerating the operationalization of projects under the scheme.
PM-SETU, a flagship initiative of the Government of India with an outlay of ₹60,000 crore, aims to transform 1,000 Government ITIs through an industry-led Hub-and-Spoke model.
NE Latest: "Era of US subsidising defense of wealthy nations is over," says US Defence Secretary
The scheme seeks to modernise infrastructure, strengthen industry engagement, improve employability outcomes, and establish National Centres of Excellence (NCoEs) in high-growth sectors, building, through stronger government-industry partnerships — a future-ready workforce equipped for advanced manufacturing and emerging technologies.
With 32 States and Union Territories having constituted their State Steering Committees and 12 States/UTs having floated their Requests for Proposals for inviting industry participation in the selection of Anchor Industry Partners — several of which are approaching closure within the coming weeks — PM-SETU stands at the threshold of a full-fledged, industry-led implementation phase.
Ends.
Comments (0)
Be the first to comment!