New Delhi December 8:
The Government today approved setting up of 20 Indian Institutes of Information Technology (IIITs) in Public Private Partnership (PPP) mode, at a cost of Rs 2808.71 crore.
The Central Government will fund 50 per cent of the capital cost for setting up of IIITs while state governments will fund 35 per cent and the rest of the cost will be bear by the industry, an official release said here. In case of North-Eastern region of the country, the centre will fund 57.5 per cent while the state government and the industry will fund 35 and 7.5 per cent respectively, the release added.
The capital cost for setting up each IIIT will be Rs 128 crore. Each Institute is expected to specialise in application of IT skills in one or more domain areas. Rs 50 crore will also be provided by the Centre for development programme for the faculty of new IIITs as well as existing IIlTs and IISERs, it said. During the first four years of setting up each IIIT, the Central government will provide partial support towards the recurring expenditure upto Rs 10 crore for each IIIT depending on actual requirement.
The project will start from the financial year 2011-12 with setting up of 5-10 IIITs depending on the response of state governments and private partners. Each IIIT shall meet its operating expenditure on its own within five years of commencement out of students fees, research and other internal accruals, it added. The concerned state government will provide 50-100 acres of land, free of cost.
The Governing Board of IIITs will be empowered in the matters relating to student intake, fee structure, faculty/non faculty salaries, creation of faculty and non-faculty positions and recruitment norms. The IIITs will be declared as Institutes of National Importance and as the process would be time consuming, the IIITs may, initially, be registered as Societies under the Societies Registration Act 1860, the release said.
A tripartite MoU document would be put in place spelling out the role and responsibilities of private partners vis-a-vis that of the government. The modalities and detailed plan for the faculty development for new IIITs as well as existing IIITs and IISERs would be decided in consultation with the Ministry of Finance, it added.
The Government today approved setting up of 20 Indian Institutes of Information Technology (IIITs) in Public Private Partnership (PPP) mode, at a cost of Rs 2808.71 crore.
The Central Government will fund 50 per cent of the capital cost for setting up of IIITs while state governments will fund 35 per cent and the rest of the cost will be bear by the industry, an official release said here. In case of North-Eastern region of the country, the centre will fund 57.5 per cent while the state government and the industry will fund 35 and 7.5 per cent respectively, the release added.
The capital cost for setting up each IIIT will be Rs 128 crore. Each Institute is expected to specialise in application of IT skills in one or more domain areas. Rs 50 crore will also be provided by the Centre for development programme for the faculty of new IIITs as well as existing IIlTs and IISERs, it said. During the first four years of setting up each IIIT, the Central government will provide partial support towards the recurring expenditure upto Rs 10 crore for each IIIT depending on actual requirement.
The project will start from the financial year 2011-12 with setting up of 5-10 IIITs depending on the response of state governments and private partners. Each IIIT shall meet its operating expenditure on its own within five years of commencement out of students fees, research and other internal accruals, it added. The concerned state government will provide 50-100 acres of land, free of cost.
The Governing Board of IIITs will be empowered in the matters relating to student intake, fee structure, faculty/non faculty salaries, creation of faculty and non-faculty positions and recruitment norms. The IIITs will be declared as Institutes of National Importance and as the process would be time consuming, the IIITs may, initially, be registered as Societies under the Societies Registration Act 1860, the release said.
A tripartite MoU document would be put in place spelling out the role and responsibilities of private partners vis-a-vis that of the government. The modalities and detailed plan for the faculty development for new IIITs as well as existing IIITs and IISERs would be decided in consultation with the Ministry of Finance, it added.
