The Human Resource Development Ministry has announced the setting up of 20 new Indian Institutes of Information Technology (IIITs). The IIITs will be based on Public Private Partnership (PPP). As per the approved scheme, the Central Government, the Governments of the respective States where IIIT will be established, and industry will be stakeholders. The capital cost of each IIIT would be contributed in the ratio of 50:35:15 (57.5:35:7.5 in the North Eastern region) by the Central Government, the State Government, and industry respectively. In addition, the State Governments will provide 50-100 acres of land, free of cost, for establishment of IIIT. The Central Government will also provide Rs.50 crore for faculty development programme and meet the recurring expenditure upto Rs. 10 crore during the first four years of setting up each IIIT. The HRD Ministry has also constituted an expert committee to recommend the criteria for selection of private partners for the setting up of new IIITs. The panel will formulate a criteria to select proposals from the state governments. After reviewing the above two points, the committee will select and decide the location of the new IIITs in the state. The panel is headed by T.V. Mohandas Pai, Board of Directors, Infosys. The committee will submit its report on April 25, 2011.
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