Your very much intrested in doing Industrial Training That's nice but first thing will your principle will allow you to go for that. Ok if at all he / she allows u to go for Industrial training and u joins some company they will not leave you free for that one year so that which benifit of getting some relaxation for Reading is there in Articleship Period that also will not Be There.So kindly think twice before you take some decisions.
By the way you can check out on website of ICAI for the Same thing and by going personally to the nearest chapter of ICAI you can verify the same thing they will guide you better.
Thank You