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India Invests ₹440 Crore to Upgrade Vocational Training Institutes

Under the Prime Minister's Skilling and Employability Transformation through Upgraded Industrial Training Institutes (PM‑SETU) scheme, ₹440 crore will be invested to modernise Industrial Training Institute clusters in Surat and Visakhapatnam.

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Key Points

4 points
1

Total investment: ₹440 crore – ₹240 crore for Surat (five institutes) and ₹200 crore for Visakhapatnam (four institutes).

2

Special Purpose Vehicles will be created to run the projects.

3

ArcelorMittal Nippon Steel India partners with New Age Makers’ Institute of Technology for curriculum and training.

4

The scheme is part of a larger ₹60,000 crore programme to upgrade 1,000 government Industrial Training Institutes nationwide.

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Summary

ArcelorMittal Nippon Steel India will hold a 51% stake, with the central and state governments each holding 24.5%.

The upgrades include new workshops, laboratories, updated curricula, and enhanced teacher training to align with industry needs.

The initiative aims to improve employability and prepare students for future skill competitions like WorldSkills.

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New Words to Learn

7 words
vocational
relating to training for a specific job or trade
investment
money spent to improve something for future benefit
curriculum
the subjects and lessons taught in a school
industry
companies that make products or provide services
special purpose vehicle
a separate legal entity set up to manage a particular project
strategic investment plan
a detailed plan for spending money to reach important goals
WorldSkills
an international competition where young people show their skill abilities
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