The National Steering Committee (NSC) has approved the strategic investment plan submitted by ArcelorMittal Nippon Steel India for the Visakhapatnam ITI (Industrial Training Institute) Complex in Andhra Pradesh. The government said on Saturday that this approval has been given under the Rs 60,000 crore ‘PM-Setu’ scheme.
This is the first strategic investment scheme sanctioned under the PM-SETU (Prime Minister Skill Development and Employability Transformation through Advanced ITI) scheme. With this, Andhra Pradesh has become the first state to implement industry partnership under this scheme. This approval was given during the third meeting of the National Steering Committee organized by the Ministry of Skill Development and Entrepreneurship.
Andhra Pradesh became the first state
An official statement said that with this approval, Andhra Pradesh has become the first state to include a key industrial partner (Anchor Industry Partner) under the PM-Setu scheme. This is a significant achievement towards implementing the industry-driven hub-and-spoke model envisaged in the scheme. The statement said that more strategic investment plans are expected to be approved by the National Steering Committee in the coming months, which will pave the way for transformation of the vocational education and training system for a developed India 2047.
formation of committees
According to the Ministry of Skill Development and Entrepreneurship, 32 states and union territories have constituted their State Steering Committees, while 12 states and union territories have started the process of inviting proposals from industries for selection of key industrial partners. Many of these processes are likely to be completed in the next few weeks. The ministry said that several rounds of negotiations between states and industries have been completed and several more rounds are proposed. This indicates the growing coordination between the interest of the industries and the preparedness of the states.
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