The PM-Setu initiative is transforming India's Industrial Training Institutes (ITIs) into skill excellence centers through a ₹60,000 crore government-industry partnership. It aims to align vocational education with the evolving economy, preparing 2 million youth for high-quality jobs crucial for "Viksit Bharat 2047." Industry partners hold a controlling 51% stake in Special Purpose Vehicles, enabling them to shape curriculum, infrastructure, and placements, thus building a future-ready workforce. This structural reform, including hub-and-spoke clusters and National Centres of Excellence, is presented as a vital investment for India's global competitiveness and human capital development.