Government urges industry to spearhead ₹60,000 cr PM-SETU plan for energy transformation
The government is urging industry leaders to drive a major overhaul of national vocational training. The PM-SETU initiative, backed by a significant budget, seeks to modernize workforce skills. Industry partners will now hold a controlling stake in ITI cluster management companies. This setup grants businesses direct oversight over technical adoption and course content.
The Indian government has called on industry leaders to spearhead a ₹60,000 crore PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs) initiative aimed at transforming national vocational training. The program seeks to modernize India's industrial and energy workforce by upgrading ITI labs, machinery, and training curricula to better match market needs.
At the Bharat Electricity 2026 conference, the Ministry of Skill Development and Entrepreneurship detailed a new governance model for ITI clusters, allowing industry partners to hold a 51% controlling stake in management companies. Industry experts have echoed the need for modernized training models during the event, highlighting the importance of agility and adaptability in preparing for India's energy transition.
Brief written by urgent.news from The Economic Times - Economy's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
