Union HRD Minister Smt. Smriti Irani informed the Lok Sabha in a written reply to its question that the centrally funded IIITs, currently located at Allahabad, Gwalior, Jabalpur and Kancheepuram are fully funded by the Central Government through plan and non-plan allocations. The concerned State Government provides approximately 100 acres of land, free of cost and encumbrances.The capital cost of each IIIT is Rs. 128.00 Crore to be contributed in the ratio of 50:35:15 by the Central Government, the State Government and the industry respectively (57.5:35:7.5 in case of North-Eastern region). Concerned State Government will provide 50-100 acres of land, free of cost and encumbrances.
Based on Public-Private-Partnership(PPP) model, the Union Cabinet approved a Scheme for setting up 20 New Indian Institute of Information Technology (IIIT), on 7 December 2010, with an outlay of Rs. 2808.71 crores (Rs. 2558.71 crores for non-recurring, Rs. 200.00 crore for recurring expenditure and Rs. 50.00 crore for faculty development expenditure).
Grab the opportunity to meet the who's who from the world of education. Join us for World Education Summit in New Delhi on 9-10th August 2018. It will be a wonderful occasion to explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter.