ArcelorMittal Nippon Steel India (AM/NS India) has signed a Shareholders’ Agreement with the Union and Andhra Pradesh governments to upgrade four Government Industrial Training Institutes (ITIs) in the Visakhapatnam cluster under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme.
A Special Purpose Vehicle will manage the upgrades. AM/NS India will hold 51% of the equity, and the Centre and the State government 24.5% each.
The cluster’s strategic investment plan, the first cleared by the National Steering Committee under the scheme, involves an approved investment of ₹200 crore.
Government ITI (Old), Kancharapalem, will be the main training centre. The other institutes are Government ITI (Girls), Industrial Estate, Visakhapatnam; Government ITI, Bobbili; and Government ITI, Narsipatnam. New Age Makers’ Institute of Technology, the company’s academic and technical partner, will help modernise facilities, introduce new trades and train instructors.
Responding to the development, Minister for Human Resource Development Nara Lokesh said the partnership would help students gain skills that employers seek.
Ashutosh Telang, Director and Vice-President (HR and Administration), AM/NS India, said hands-on learning and instructor training would help build a skilled local talent pool.
A similar agreement covers five ITIs in Surat, Gujarat. Together, the nine institutes attract ₹440 crore. PM-SETU, with an outlay of ₹60,000 crore, aims to upgrade 1,000 ITIs.
Published - October 13, 2026 07:09 pm IST