The new IIIT will have a capacity of about 1,000 students and will offer under-graduate, master’s and Ph.D programmes within a period of six to seven years of its functioning. INSTITUTE TO BE SET UP WITH INVESTMENT OF `130 CR IN PPP MODE.
The Centre has decided to set up a new Indian Institute of Information Technology (IIIT) in the state with an investment of `130 crore in public-private partnership mode.
The new IIIT will be a part of the Centre’s plans to establish 20 IIITs across the country. The funds would be shared in the ratio of 50:35:15 between the Centre, the state and the industry. The state already boasts of an IIIT in Gachibowli, established in 1998, which was eventually upgraded into a deemed university.
The proposal to set up 20 new IIITs was approved by the Union Cabinet in December 2010. The Union HRD ministry has written to the state government, expressing its willingness to allot one IIIT to the state. It has asked for proposals to be submitted immediately.
In response to this, Mr Damodara Rajanarasimha, minister for higher and technical education, said: “We have convened a meeting with officials of higher and technical education departments to discuss the Centre’s proposal this week. Initially, we will identify the suitable cities and about 50 acres required for the purpose of setting up the institute. Based on this, we will submit a report to the UMHRD after shortlisting the location.” He said the new IIIT will have a capacity of about 1,000 students and will offer under-graduate, master’s and Ph.D programmes within a period of six to seven years of its functioning. The project will start in the 2011-12 academic year The new IIIT, intended to specialise in application of IT skills in one or more domains, will be of worldclass standard and will be set up as an autonomous institute.
The new IIIT is expected to produce world-class, high-quality technical personnel, which will generate manpower for emerging industries, science departments and laboratories.