Visakhapatnam ITI cluster to get a ₹200 crore facelift

The Government of Andhra Pradesh, the Government of India and ArcelorMittal Nippon Steel India (AM/NS India) have signed a Shareholders’ Agreement to upgrade four Government Industrial Training Institutes (ITIs) in the Visakhapatnam cluster under (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) with an investment of ₹200 crore.

The Visakhapatnam cluster’s Strategic Investment Plan was the first in the country to be approved by PM-SETU’s National Steering Committee.

A dedicated Special Purpose Vehicle (SPV) will be formed to manage the upgrades and operations. AM/NS India will hold 51 per cent of it, and the Government of Andhra Pradesh and the Government of India will hold 24.5 percent each.

“Our priority is to ensure that Andhra Pradesh’s industrial growth creates opportunities for our young people. This partnership with AM/NS India will help students at four Government ITIs gain practical skills that employers need. By improving training facilities and bringing industry expertise into technical education, we aim to strengthen their employability and help them participate in the State’s growth,’’ Nara Lokesh, AP Minister for IT, Electronics & Communication and HRD said in a release on Monday.

Ashutosh Telang, Director & Vice President – HR & Administration, AM/NS India, said: “Through this partnership, we will bring our manufacturing experience and NAMTECH’s technical education expertise to four Government ITIs in the Visakhapatnam cluster. Better facilities, hands-on learning and stronger instructor training will help students build skills that employers need.

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