20 IIITs to come up on public-private partnership mode

Thursday, 29 July 2010, 02:28 Hrs   |    28 Comments
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20 IIITs to come up on public-private partnership mode
New Delhi: The HRD Ministry has prepared a public-private-partnership model for setting up 20 IIITs under which the expenditure could be shared in the ratio of 85 to 15 between the government and industry.

"The government of India has a scheme of setting up new IIITs under PPP mode," Minister of State in the HRD ministry D. Purandeswari said in a written reply to the Lok Sabha recently.

According to a note prepared by the Ministry for these projects, each Indian Institute of Information Technology (IIIT) would be set up at an investment of Rs 200 crore and the government would bear 85 per cent of the expenditure.

Of the 85 per cent spending, the Centre would provide for 50 per cent and the state government would bear 35 per cent of the expenditure. It means the Centre will provide Rs 100 crore while the state government will give Rs 70 crore and the industry will provide Rs 30 crore for setting up of each IIT.

"The scheme is yet to be approved by the cabinet. The location and other details of the new IIITs will depend upon the schemes finally approved," the Minister added.

At present, India has four IIITs at Allahabad (Uttar Pradesh), Gwalior (Madhya Pradesh), Jabalpur (Madhya Pradesh) and Kancheepuram (Tamil Nadu).
Source: IANS
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