The Centre has approved three New Indian Institutes of Information Technology (IIIT) in public-private partnership mode.
The HRD Ministry on Monday approved the proposals of Assam, Tripura and Rajasthan for setting up the IIITs. The partners in establishing the IIITs would be the HRD Ministry, governments of the respective states and the industry.
The capital cost of each IIIT is `128 crore to be contributed in the ratio of 50:35:15 by the HRD Ministry, the state government and the industry respectively. The state government will also provide 50 to 100 acres of land, free of cost.
Each IIIT will meet its entire operating expenditure on its own within five years of commencement out of students’ fees, research and other internal accruals.
The scheme also provides for faculty development programme for which `50 crore has been earmarked. Eleven state governments have identified land and are in the process of identifying the industry partners.
It is expected that three more IIITs will be shortly sanctioned for another three states under the scheme, taking the total to 20.