The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved setting up of six new Indian Institutes of Technology (IITs) in Andhra Pradesh, Chhatisgarh, Goa, Jammu, Kerala and Karnataka. The Cabinet further gave its approval for operationalisation of these IITs initially by forming of Societies under the Societies Registration Act, 1860 in order to give a legal status to them till the amendment for their incorporation in The Institutes of Technology Act, 1961 is enacted.
Each new IIT will have an initial intake of 180 students in its first year from temporary/transit which would increase to 450 in the second year and to 928 (840 Undergraduates, 80 Postgraduates and 8 PhD) in the third year of their operation.
The total cost for running these IITs is Rs 1,411 crore and will be incurred between 2015-16 and 2018-19.
The new IITs will be operated from their temporary campuses for the initial period of three years before shifting into their permanent campuses in the fourth year. Each IIT will have a sanctioned strength of faculty members, with a faculty-student ratio of 1:10.