Business · Companies · 1 hr ago
AM/NS India to lead Rs 440-crore revamp of nine ITIs
ArcelorMittal Nippon Steel India will lead a Rs 440-crore upgrade of nine government Industrial Training Institutes, or ITIs, in Gujarat and Andhra Pradesh.
The skill development ministry signed agreements covering five institutes in Surat and four in Visakhapatnam.
The project sets aside Rs 240 crore for Surat and Rs 200 crore for Visakhapatnam.
The company will hold a 51% stake in the entities managing the institutes, while the central and state governments will each hold 24.5%.
The upgrades are planned to add modern workshops and laboratories, introduce new trades and courses, and provide more practical training.
The work is part of PM-SETU, a Rs 60,000-crore programme to upgrade 1,000 government ITIs and strengthen five National Skill Training Institutes.
The agreements establish the arrangements for modernisation and operation, with the company carrying out the projects alongside New Age Makers' Institute of Technology.
AM/NS India will lead a Rs 440-crore overhaul of nine government Industrial Training Institutes in Gujarat and Andhra Pradesh.
The skill development ministry signed shareholders’ agreements covering five ITIs in Surat and four in Visakhapatnam.
AM/NS India will hold a 51% stake in entities managing the institutes, while the central and state governments will each hold 24.5%.
The projects will modernise workshops and laboratories, introduce new trades and revised courses, and increase practical training.
The work is part of PM-SETU, which aims to upgrade 1,000 government ITIs and strengthen five National Skill Training Institutes.
- Who
- AM/NS India will implement the projects with New Age Makers’ Institute of Technology as partner.
- What
- A Rs 440-crore overhaul of nine government ITIs.
- When
- The skill development ministry signed the agreements on Monday; the publication date was October 12, 2026.
- Where
- Five ITIs in Surat, Gujarat, and four in Visakhapatnam, Andhra Pradesh.
- Why
- The projects aim to modernise the institutes and improve skills training.
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- Total project cost
- Rs 440 crore
- Surat allocation
- Rs 240 crore for five ITIs
- Visakhapatnam allocation
- Rs 200 crore for four ITIs
- AM/NS India stake
- 51%
- PM-SETU outlay
- Rs 60,000 crore






