English Release 25-April 2014
- Min of Petroleum & Natural Gas
- Global crude oil price of Indian Basket increased marginally to US$ 107.13 per bbl on 24.4.2014
Ministry of Human Resource Development06-December, 2012 17:44 IST
|Setting up of IIITS Under PPP Mode |
|The Central Government has approved a Scheme for setting up of 20 Indian Institutes of Information Technology (IIITs) in Public-Private-Partnership (PPP) mode with an overall outlay of Rs. 2808.71 crores. While the land for the purpose would be made available free of cost by the concerned State Governments, an IIIT would be established at a capital cost of Rs. 128 crores each, to be contributed in the ratio of 50:35:15 (57.5:35:7.5 in North-Eastern States) by the Central Government, the State Government, and the Industry partner, respectively. It has been envisaged that the IIITs may initially be registered as Societies under the Societies Registration Act, 1860 and a tripartite Memorandum of Understanding (MoU), spelling out the role and responsibilities of all the partners, be put in place. |
So far, the Central Government has conveyed ‘in-principle’ approval for setting up of IIITs in the States of Assam, Tripura, Rajasthan, Madhya Pradesh and Tamil Nadu.
This information was given by the Minister of State for Human Resource Development, Dr. Shashi Tharoor in Lok Sabha on Wednesday.
(Release ID :90097)