DARE - Because Entrepreneurs Do

The Government has approved setting up 20 new Indian Institutes of Information Technology (IIITs) on Public Private Partnership (PPP) basis. 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.50.00 crore for faculty development programme and meet the recurring expenditure upto Rs. 10.00 crore during the first four years of setting up each IIIT.

Source: PIB

 

Comments (0)

Subscribe to this comment's feed