Cabinet Clears Rs 600 billion ITI Upgrade Scheme
ECONOMY & POLICY

Cabinet Clears Rs 600 billion ITI Upgrade Scheme

In a significant move to modernise vocational training in India, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the National Scheme for Industrial Training Institute (ITI) Upgradation and the establishment of five National Centres of Excellence for Skilling. This centrally sponsored scheme, announced under Budgets 2024–25 and 2025–26, carries a total outlay of Rs 600 billion, with contributions from the Centre (Rs 300 billion), States (Rs 200 billion), and Industry (Rs 100 billion). Half of the central share will be co-financed by the Asian Development Bank and World Bank.

The scheme will focus on upgrading 1,000 government ITIs through a hub-and-spoke model aligned with industry needs and revamping courses to match evolving skill demands. It also includes capacity enhancement of five National Skill Training Institutes (NSTIs)—located in Bhubaneswar, Chennai, Hyderabad, Kanpur, and Ludhiana—where five National Centres of Excellence will be established.

The initiative aims to skill 2 million youth over five years, address skill shortages in high-growth sectors such as electronics, automotive, and renewable energy, and create employment-ready talent pools aligned with MSME and broader industry requirements. A key innovation is the introduction of an industry-led Special Purpose Vehicle (SPV) model to oversee implementation, ensuring sustained private sector engagement.

The scheme also includes enhanced Training of Trainers (ToT) facilities and aims to train 50,000 trainers through both pre-service and in-service programs. With a flexible, need-based investment framework, it seeks to address longstanding gaps in infrastructure, course relevance, and the perception of vocational education.

Positioned as a key component of the Viksit Bharat vision for 2047, this initiative is expected to transform India’s ITI ecosystem into aspirational, government-owned but industry-managed institutions that equip youth with future-ready skills.

(PIB)

In a significant move to modernise vocational training in India, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the National Scheme for Industrial Training Institute (ITI) Upgradation and the establishment of five National Centres of Excellence for Skilling. This centrally sponsored scheme, announced under Budgets 2024–25 and 2025–26, carries a total outlay of Rs 600 billion, with contributions from the Centre (Rs 300 billion), States (Rs 200 billion), and Industry (Rs 100 billion). Half of the central share will be co-financed by the Asian Development Bank and World Bank.The scheme will focus on upgrading 1,000 government ITIs through a hub-and-spoke model aligned with industry needs and revamping courses to match evolving skill demands. It also includes capacity enhancement of five National Skill Training Institutes (NSTIs)—located in Bhubaneswar, Chennai, Hyderabad, Kanpur, and Ludhiana—where five National Centres of Excellence will be established.The initiative aims to skill 2 million youth over five years, address skill shortages in high-growth sectors such as electronics, automotive, and renewable energy, and create employment-ready talent pools aligned with MSME and broader industry requirements. A key innovation is the introduction of an industry-led Special Purpose Vehicle (SPV) model to oversee implementation, ensuring sustained private sector engagement.The scheme also includes enhanced Training of Trainers (ToT) facilities and aims to train 50,000 trainers through both pre-service and in-service programs. With a flexible, need-based investment framework, it seeks to address longstanding gaps in infrastructure, course relevance, and the perception of vocational education.Positioned as a key component of the Viksit Bharat vision for 2047, this initiative is expected to transform India’s ITI ecosystem into aspirational, government-owned but industry-managed institutions that equip youth with future-ready skills.(PIB)

Next Story
Infrastructure Urban

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Next Story
Infrastructure Urban

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Next Story
Infrastructure Transport

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement