Green Signal to Three New IIITs Under PPP Mode

EduShine Academic Search
A proposal to set up three new Indian Institute of Information Technologies (IIITs) under the Public-Private Partnership (PPP) mode has finally received a green signal from Union Government. These IIIT’s will come up in Assam, Tripura and Rajasthan which had sent proposals to the HRD Ministry under the PPP scheme.
The cost of capita for each IIT would be about 128 crore rupees in which Centre will contribute 50 per cent, while State Government will contribute 35 per cent and a partner industry will share 15 per cent. For the North East, the industry participation for capital expenditure will be 7.5 per cent, while the Central Government participation will be 57.50 per cent and state government’s at 35 per cent.
Soon after getting assurance from the Centre, 50 acres of land at Bodhjungnagara has been identified by Tripura Government which isĀ  about 12 km away from the state capital, for the proposed IIIT. The IIIT would be set up on Public Private Partnership (PPP) model, the source said adding Tripura ONGC, OTPC, NEEPCO and six private players of West Bengal have agreed to join hands with the project.