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AM/NS India's Vizag cluster SIP first to get PM-SETU approval
Business Standard
|June 01, 2026
ArcelorMittal Nippon Steel India (AMNS India), along with its academic partner New Age Makers Institute of Technology (Namtech), has received approval for its strategic investment plan (SIP) for the Visakhapatnam ITI Cluster in Andhra Pradesh, under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme.
The approval marks the first-ever SIP to be cleared under the ₹60,000 crore scheme and makes Andhra Pradesh the first state to onboard an Anchor Industry Partner (AIP), marking a major milestone in the operationalisation of the industry-led Hub-and-Spoke model envisioned under the scheme.
This story is from the June 01, 2026 edition of Business Standard.
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