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Time of India
22-07-2025
- Business
- Time of India
Big business backs skilling push: Reliance, Adani, Mahindra among firms eye ITI upgrade, Rs 60,000 crore plan gains momentum
At least a dozen large companies have shown interest in partnering with the Union government for the Rs 60,000-crore National Scheme for Industrial Training Institute (ITI) Upgradation. Tired of too many ads? go ad free now Eight of these—including Reliance Group, , Mahindra Group, JK Cement, Jindal Group, Toyota India, Schneider Electric and ArcelorMittal Nippon Steel—have submitted their preferred states and sectoral interests to the Ministry of Skill Development and Entrepreneurship. These partnerships will help set up 'hub and spoke ITIs' to offer industry-aligned skills training, ET reported citing people aware of the matter. Under the hub-and-spoke model, designated ITIs will serve as central hubs for training and resources, while connected vocational institutes (spokes) will access advanced infrastructure and faculty support from the hub. Besides the eight companies that have already submitted proposals, discussions are underway with Larsen & Toubro, Bajaj Auto, and the Aditya Birla Group, as well as major public sector units like Bharat Heavy Electricals Ltd, Mazagon Dock Shipbuilders, and Hindustan Aeronautics Ltd, according to ET. The scheme, cleared by the Union Cabinet in May, aims to upgrade 1,000 ITIs and train two million youth over five years, focusing on sectors aligned with future industry demands. Funding for the initiative includes Rs 30,000 crore from the Centre, Rs 20,000 crore from states, and Rs 10,000 crore from industry. The central government's share will be co-financed 50:50 by the and the Asian Development Bank. Arunkumar Pillai, CEO of NAMTECH (New Age Makers' Institute of Technology), a training initiative by ArcelorMittal Nippon Steel India, said: 'NAMTECH aims to train 500,000 youths by 2028. Tired of too many ads? go ad free now We stand ready to partner with the government to scale this mission and create a globally competitive, future-ready workforce.' An internal ministry presentation, reviewed by ET, showed that JK Cement has proposed to work in Rajasthan, Uttar Pradesh, and Madhya Pradesh, offering skills training in construction, electrical and electronics, renewable energy, and hospitality. Mahindra Group has shortlisted Maharashtra, Madhya Pradesh, and Goa, proposing training in automotive and hospitality. Reliance Group has pitched for work in Maharashtra, Gujarat, and Andhra Pradesh, covering sectors like renewables, retail, advanced manufacturing, and petrochemical engineering. Jindal Group plans to impart training in both traditional and new-age trades in Haryana, Chhattisgarh, Odisha, and Jharkhand. Toyota India has proposed to upgrade ITIs in Karnataka for automobile-related trades, while Adani Group aims to upgrade institutes across Gujarat, Bihar, Madhya Pradesh, Chhattisgarh, Jharkhand, Odisha, and the Northeast for training in areas such as solar power, drones, and port operations.
News18
22-07-2025
- Business
- News18
Top Indian Companies Line Up To Partner In Rs 60,000-Crore ITI Upgrade Scheme: Report
Last Updated: At least a dozen top Indian companies are in talks to join the Rs 60,000-crore ITI Upgradation Scheme with the Skill Development Ministry At least a dozen leading Indian companies are in talks to partner with the Ministry of Skill Development and Entrepreneurship for the Rs 60,000-crore National Scheme for Industrial Training Institute (ITI) Upgradation, The Economic Times reported, citing people familiar with the matter. Eight corporates — Reliance Group, Adani Group, Mahindra Group, JK Cement, Jindal Group, Toyota India, Schneider Electric, and ArcelorMittal Nippon Steel — have already submitted their preferred states and sectors to the ministry, outlining plans to establish 'hub and spoke" ITIs to enhance skills training, the report said. 'Besides these, discussions are also underway with Larsen & Toubro, Bajaj Auto, Aditya Birla Group, and several major public sector enterprises including Bharat Heavy Electricals Ltd (BHEL), Mazagon Dock Shipbuilders, and Hindustan Aeronautics Ltd (HAL) to take part in the ITI upgradation effort," a source told ET on condition of anonymity. Approved by the Union Cabinet in May, the scheme aims to modernise 1,000 ITIs and train 2 million youth over the next five years. The hub-and-spoke model will allow central ITIs (hubs) to share resources with connected vocational institutes. The financing structure includes Rs 30,000 crore from the Centre, Rs 20,000 crore from states, and ₹10,000 crore from the industry. Half of the central share is expected to be co-financed equally by the Asian Development Bank (ADB) and the World Bank. According to an internal ministry presentation reviewed by ET, JK Cement has proposed to operate in Rajasthan, Uttar Pradesh, and Madhya Pradesh, with a focus on training in construction, electronics, renewable energy, and hospitality. Mahindra Group is keen on ITI upgrades in Maharashtra, Madhya Pradesh, and Goa, focused on the automotive and hospitality sectors. Reliance Group has shortlisted Maharashtra, Gujarat, and Andhra Pradesh for training in renewables, retail, advanced manufacturing, and petrochemical engineering. Jindal Group plans to offer skills in both traditional and new-age trades in clusters across Haryana, Chhattisgarh, Odisha, and Jharkhand. Toyota India is looking to upgrade ITIs in Karnataka for automobile-related training, while Adani Group has identified ITIs across Gujarat, Bihar, Madhya Pradesh, Chhattisgarh, Jharkhand, Odisha, and the Northeast for programmes in solar energy, drone operations, and port management. view comments First Published: July 22, 2025, 07:43 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
07-05-2025
- Business
- Time of India
Nat'l skill training institute to come up in city
Bhubaneswar: To enhance the skills of youths, a National Skill Training Institute (NSTI) will be set up in five cities, including Bhubaneswar. The other cities are Chennai, Hyderabad, Kanpur and Union cabinet, chaired by Prime Minister Narendra Modi, decided so while approving the 'National Scheme for Industrial Training Institute (ITI) Upgradation and the setting up of five National Centres of Excellence for Skilling as a centrally-sponsored Mohan Charan Majhi expressed gratitude to the Prime Minister for approving the national scheme for ITI upgradation with a total outlay of Rs 60,000 crore and for establishing an NSTI in Bhubaneswar. "This visionary step will empower Odisha's youth, enhance employability, and position the state as a hub for advanced skills. A proud moment for Odisha as we contribute to building a future-ready, skilled Bharat," he national scheme will be implemented as a centrally-sponsored scheme, as per the announcement made under Budget 2024-25 and Budget 2025-26, with an outlay of Rs 60,000 crore (Central share: Rs 30,000 crore, state share: Rs 20,000 crore, and industry share: Rs 10,000 crore). Co-financing to the extent of 50 per cent of the central share will be provided by the Asian Development Bank and the World Bank equally, according to the official education minister Dharmendra Pradhan said the approval will catalyse the skill development ecosystem, address long-standing challenges, bridge the industry-workforce gap in traditional and new-age trades, position our ITIs as global centres of excellence, and help skill and upskill over 20 lakh youth in the next five years. "Skill development is no longer an option but a national imperative. This visionary decision will create a robust pipeline of future-ready workforce and strengthen India's position as the skill capital of the world," he the scheme, infrastructure upgradation for improved training of trainers' facilities will be undertaken in five NSTIs. These national institutes will include the setting up of five national centres of excellence for skilling within these scheme will focus on upgradation of 1,000 govt ITIs in a hub and spoke of arrangement with industry-aligned revamped trades (courses) and capacity augmentation of five NSTIs. The scheme will aim to ensure alignment between local workforce supply and industry demand, thereby facilitating industries, including MSMEs, in accessing employment-ready workers.
Business Upturn
07-05-2025
- Business
- Business Upturn
Cabinet approves Rs 60,000 crore scheme for ITI upgradation, national skill centres
By News Desk Published on May 7, 2025, 12:34 IST In a significant move to overhaul vocational education in India, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the National Scheme for Industrial Training Institute (ITI) Upgradation and the setting up of five National Centres of Excellence (NCOEs) for Skilling. The initiative, announced under the Budget 2024–25 and 2025–26, will be implemented as a Centrally Sponsored Scheme with a total outlay of ₹60,000 crore. The funding will be shared between the Centre (₹30,000 crore), States (₹20,000 crore), and Industry (₹10,000 crore), with additional co-financing from the Asian Development Bank and World Bank covering 50% of the central share. The scheme targets the upgradation of 1,000 government ITIs following a hub-and-spoke model aligned with industry needs. It also includes capacity augmentation of five National Skill Training Institutes (NSTIs) in Bhubaneswar, Chennai, Hyderabad, Kanpur, and Ludhiana, which will each house a Centre of Excellence. Over the next five years, the program aims to skill 20 lakh youth through revamped, industry-aligned courses, addressing workforce needs in high-growth sectors such as electronics, automotive, and renewable energy. For the first time, the scheme will introduce an industry-led Special Purpose Vehicle (SPV) model for planning and execution, allowing greater flexibility and outcome-driven implementation. The government has highlighted the inadequacy of past funding models and aims to address infrastructure gaps, relevance of training, and employability through need-based investment. The plan also includes enhanced Training of Trainers (ToT) infrastructure and will support training for 50,000 instructors, both in-service and pre-service. By tackling longstanding challenges in vocational education, the scheme is aligned with the vision of Viksit Bharat, creating an aspirational, industry-integrated ITI ecosystem as India marches toward becoming a global innovation and manufacturing hub. News desk at
