ECONOMY

SPVs with industry partners planned to upgrade 1,000 ITIs under PM-SETU scheme

Special purpose vehicles (SPVs) with credible anchor industry partners will be set up under the Rs 60,000-crore Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme to manage clusters and ensure outcome-based training, the Ministry of Skill Development and Entrepreneurship has said.
Under the PM-SETU scheme, launched by Prime Minister Narendra Modi recently, new, demand-driven courses will be introduced in a bid to transform 1,000 government ITIs across India into modern, industry-aligned training institutions.
Besides, existing courses will be revamped in collaboration with industries.
The scheme will also help create pathways for long-term diplomas, short-term courses and executive programmes.
PM-SETU will follow a hub-and-spoke model, with 200-hub ITIs linked to 800-spoke ITIs.
Each hub will be equipped with advanced infrastructure, innovation and incubation centres, production units, training of trainer facilities, and placement services, while the spokes will extend access and outreach.
The scheme also envisages strengthening of five National Skill Training Institutes in Bhubaneswar (Odisha), Chennai (Tamil Nadu), Hyderabad (Telangana), Kanpur (Uttar Pradesh) and Ludhiana (Punjab) as centres of excellence with global partnerships.
Under the first phase of PM-SETU, 15 hub-and-spoke ITI clusters have been identified across the country, spanning diverse regions and industrial ecosystems.

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