Approval of first Strategic Investment Plan under PM-SETU; Andhra Pradesh became the first state in the country

• It was jointly presented by NAMTECH, the educational partner organization.
• Representatives of Asian Development Bank and World Bank were present.
• A major objective of the scheme is the establishment of National Centers of Excellence for emerging technology sectors.

An important milestone has been achieved under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITI (PM-SETU) scheme. The National Steering Committee (NSC) has approved the Strategic Investment Plan (SIP) submitted for the Visakhapatnam ITI cluster in Andhra Pradesh. The scheme was jointly introduced by ArcelorMittal Nippon Steel India (AM/NS India) and its academic partner NAMTECH.

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This is the first strategic investment scheme in the country approved under the PM-SETU scheme and Andhra Pradesh has become the first state in the country to initiate the ITI transformation process through industrial partnership. The ambitious Rs 60,000 crore scheme aims to modernize government ITI institutes and make them industry-oriented.

The scheme was approved at the third National Steering Committee meeting organized by the Ministry of Skill Development and Entrepreneurship (MSDE) at Kaushal Bhavan in New Delhi. The meeting was presided over by Ministry Secretary Devashree Mukherjee. On this occasion, Director General of Directorate General of Training Dilip Kumar, representatives of various ministries, officials of state governments, representatives of major companies in the industrial sector and representatives of Asian Development Bank and World Bank were present.

The approved plan for the Visakhapatnam ITI cluster is seen as a significant step towards effective implementation of the industry-led ‘hub-and-spoke’ model. Through this, emphasis will be placed on transforming industrial training institutes into modern, industry-driven and effective training centres.

The National Steering Committee also reviewed the progress of implementation of PM-SETU scheme in this meeting. A detailed discussion was held on increasing industry sector participation, strengthening institutional governance, enhancing financial sustainability of Special Purpose Vehicles (SPVs) and speeding up implementation of various projects.

Under the scheme, 1,000 government ITI institutes across the country will be modernized. The major objectives of the scheme are to improve infrastructure, strengthen industry partnerships, develop employable skills and establish national centers of excellence for emerging technology sectors.

At present 32 States and Union Territories have constituted State Steering Committees and 12 States and Union Territories have invited proposals for selection of key industrial partners. Hence the PM-SETU scheme is now entering the crucial phase of implementation with active participation of industries.

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More strategic investment schemes are expected to be approved in the coming years through the coordination of the central and state governments. This is expected to modernize the vocational education and training system in the country and strengthen the objective of ‘Developed India 2047’.