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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
