The Union Cabinet has approved a bill declaring 15 Indian Institutes of Information Technology (IIITs) set up under the Public Private Partnership (PPP) mode as Institutions of National Importance. The bill granted the IIITs degree awarding power.
The Cabinet passed the Indian Institute of Information Technology Public Private Partnership (IIIT-PPP) Bill, 2017 to “grant statutory status to 15 IIITs set up under the PPP mode and declare them as Institutions of National Importance, to enable them to grant degrees to the students in the academic courses conducted by them”.
The Ministry of Human Resource and Development (MHRD) had announced to set up 20 new Indian Institutes of Information Technology (IIITs) across the country under PPP mode, out of which 15 are already functional at Chittoor (Andhra Pradesh), Guwahati, Vadodara, Kota, Srirangam (Tamil Nadu), Una (Himachal Pradesh), Sonepat (Haryana), Kalyani (West Bengal), Lucknow, Nagpur, Pune, Ranchi, Kottayam, Kurnool (Andhra Pradesh) and Dharwad (Karnataka).
It cost Rs 128 crore to set up an Indian Institute of Information Technology (IIIT) which is contributed by the Centre, state government and the industry in the ratio of 50:35:15.