English Release 23-April 2014
- Min of Petroleum & Natural Gas
- Global crude oil price of Indian Basket increased to US$ 107.08 per bbl on 22.4.2014
Cabinet26-April, 2007 20:36 IST
|Setting up of Indian Institute of Space Science & Technology (IIST)|
|The Union Cabinet today gave its approval for the setting up of Indian Institute of Space Science & Technology (IIST) with an initial investment of Rs. 270 crores and annual recurring cost of Rs. 40 crores.
Indian Space Research Organization (ISRO) has been experiencing severe shortage of highly talented graduate and post-graduate Scientists and Engineers during the last few years to take up the challenges of R&D in the areas of Space Science & Technology.
The setting up of Indian Institute of Space Science & Technology, similar to the IITs, will provide high quality undergraduate and postgraduate education in Space Technology and Science and Post Graduate & research programmes in Space Science & Technology and integrated Masters in Space Science with customized curriculum meeting with the high technology requirements of ISRO mitigating the problem of acute shortage of quality human resources for ISRO.
Pending development of the regular campus of the Institute, the courses will commence from the academic year 2007-08 itself in an alternate campus in the premises of Vikram Sarabhai Space Centre, Thiruvananthapuram. The campus and other infrastructure facilities will be completed within 24 months. To enable close interaction with ISRO, the Institute will be located close to Vikram Sarabhai Space Centre and Liquid Propulsion Systems Centre in Thiruvananthapuram.
The Institute will have an intake of 150-200 students per annum. The entire expenses of the course will be supported by ISRO in the form of scholarships / assistantships. All the high performing students coming out of this Institute would be absorbed into ISRO stream.
(Release ID :27199)