ArcelorMittal Nippon Steel India Secures First-Ever Strategic Investment Plan Approval under PM-SETU; Andhra Pradesh Emerges as Pioneer of Industry-Led ITI Transformation

• PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs) is the Centre's flagship ₹60,000 crore Centrally Sponsored Scheme to overhaul 1,000 Government ITIs via an industry-led Hub-and-Spoke model.
• The first-ever Strategic Investment Plan (SIP) under PM-SETU was cleared on 30 May 2026 for the Visakhapatnam ITI Cluster, Andhra Pradesh, anchored by ArcelorMittal Nippon Steel India (AM/NS India) with academic partner NAMTECH.
• Significance for UPSC: marks operational rollout of the largest-ever skilling PPP; Andhra Pradesh becomes the first state to launch an industry-led ITI cluster.