The Centre has cleared a proposal to set up three new Indian Institute of Information Technologies (IIITs) under the Public-Private Partnership mode. The IIIT's will come up in Assam, Tripura and Rajasthan which had sent proposals to the HRD Ministry under the PPP scheme. The capital cost of each IIT would be about 128 crore rupees in which Centre will contribute 50 per cent, State Goverment will contribute 35 per cent and the 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.
News On AIR | July 3, 2012 11:22 AM
Assam, Tripura & Rajasthan to get IIITs under PPP mode