Under the agreement, a special purpose vehicle will oversee the upgrades, with AM/NS India holding 51 per cent equity and the Centre and Andhra Pradesh government 24.5 per cent each. ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between global steelmakers ArcelorMittal and Nippon Steel, has signed a shareholders’ agreement with the Government of...
Tag: PM‑SETU
Post
Post
AM/NS India Wins First PM‑SETU Approval, as Andhra Pradesh Leads ITI Transformation
With this approval, Andhra Pradesh becomes the first state in India to operationalise an industry partnership under the ₹600 billion PM‑SETU scheme’s hub‑and‑spoke model. The National Steering Committee (NSC) has approved the first‑ever strategic investment plan for the Visakhapatnam Industrial Training Institute (ITI) cluster in Andhra Pradesh, submitted by ArcelorMittal Nippon Steel India (AM/NS India)...