AM/NS India signs agreement to modernize five ITIs in Surat

AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, has signed a partnership agreement with the Government of India and the Government of Gujarat to modernize five government Industrial Training Institutes (ITIs) in the Surat cluster.

Under the Pradhan Mantri Kaushal and Employability Transformation Yojana (PM-SETHU), a Special Purpose Vehicle (SPV) will be formed to manage the modernization. AM/NS India will hold a 51% stake, while the central and state governments will each hold 24.5%.

The project involves a total investment of ₹240 crore aimed at enhancing the employability of students through advanced training facilities, updated curricula, and practical education tailored to the needs of the local manufacturing and industrial sectors.