Hyderabad, May 8 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a major initiative to upgrade 1,000 Industrial Training Institutes (ITIs) across the country and establish five National Centres of Excellence for Skilling (NCOEs).

Among these five NCOEs, one will be set up in Hyderabad.

The scheme, proposed in the 2024-25 and 2025-26 budgets, will be implemented with a total expenditure of Rs 60,000 crore.

The funding will be shared between the Centre (Rs 30,000 crore), state governments (Rs 20,000 crore), and industry partners (Rs 10,000 crore).

The NCOE in Hyderabad, along with others in Bhubaneswar, Chennai, Kanpur, and Ludhiana, will focus on developing infrastructure and providing advanced skill trainin...