ArcelorMittal Nippon Steel India (AM/NS India) has invested Rs 200 crore to upgrade four government Industrial Training Institutes (ITIs) within the Visakhapatnam cluster. These funds will be utilized under the Prime Minister's Skilling and Employability Transformation through Upgraded ITIs (PM SET) initiative.
The agreement was formalized in Delhi between the Union Ministry of Skill Development, the Government of Andhra Pradesh, and Nippon Steel India. This partnership aims to enhance skill development opportunities for youth in the Visakhapatnam region.
This investment is part of a broader initiative to upgrade four government ITIs across the nation. The ITIs in the Visakhapatnam cluster are included in this significant project.
The memorandum of understanding was signed by the Directorate General of Training under the Union Ministry of Skill Development, the Government of Andhra Pradesh, and Nippon Steel India. This collaboration exemplifies a public-private partnership in the skill development sector.
This initiative will boost employment prospects for local youth by equipping them with skills relevant to modern industries. It paves the way for a brighter future for young people in both Andhra Pradesh and Telangana.