AM/NS India Signs Shareholders’ Agreement to Upgrade Four Government ITIs in Andhra Pradesh Under PM-SETU Scheme

ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, has signed a pivotal Shareholders’ Agreement (SHA) with the Government of India and the Government of Andhra Pradesh. The agreement formalizes the implementation of an approved ₹200 crore Strategic Investment Plan to upgrade four Government Industrial Training Institutes (ITIs) in the Visakhapatnam cluster under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme. To oversee operations and upgrades, a dedicated Special Purpose Vehicle (SPV) will be established, with AM/NS India holding a 51% majority stake, while the Central Government and the Government of Andhra Pradesh will hold 24.5% each.

Scope of Upgrades and Academic Partnership: 
The project will be executed in collaboration with the New Age Makers’ Institute of Technology (NAMTECH), serving as AM/NS India’s academic and technical partner. Upgrades will cover four key institutes in the region:

Government ITI (Old), Kancharapalem: Functioning as the main hub/hub-training centre supporting shared facilities.

Government ITI (Girls), Industrial Estate, Visakhapatnam

Government ITI, Bobbili

Government ITI, Narsipatnam

The planned intervention involves modernizing workshop infrastructure, revising curricula, introducing industry-relevant technical trades, and executing comprehensive instructor-training modules to align vocational education with modern manufacturing standards.

Leadership Perspectives and PM-SETU Context:
Commending the partnership, Shri Nara Lokesh, Minister for IT, Electronics & Communication, HRD, and Real-Time Governance, Government of Andhra Pradesh, stated: “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… strengthening their employability and helping them participate in the State’s growth.”

Ashutosh Telang, Director & Vice President – HR & Administration at AM/NS India, added: “Through this partnership, we will bring our manufacturing experience and NAMTECH’s technical education expertise to four Government ITIs… preparing students for jobs in manufacturing and related industries while strengthening the pool of skilled local talent.”

This initiative is part of two broader SHAs signed by AM/NS India the second covering five ITIs in the Surat cluster, Gujarat—totaling nine ITIs with an aggregate approved investment of ₹440 crore. Nationally, the ₹60,000 crore PM-SETU scheme aims to modernize 1,000 Government ITIs and five National Skill Training Institutes through industry-driven partnerships.