NEW DELHI: With the aim to solve the challenges witnessed by the Indian IT industry, the Ministry of Human Resource Development is hoping to set up twenty-Indian Institutes of Information Technology (IIIT), on a Not-for-profit Public Private Partnership (N-PPP).
These institutions will be self-sustaining, research-led contributing considerably to the international competitiveness of the important sectors of the Indian economy and industry.
The partners for this initiative would be the Ministry of Human Resource Development (MHRD), state governments where each IIIT will be set up and also the industry.
Moreover, the capital cost of each IIIT stands at Rs 128.00 crore and this amount will be contributed in the ratio of 50:35:15 by Centre, State and the industry, respectively. Until now, 17-state governments have chosen land in this regard.
The HRD Ministry has given green signal to the recommendations of three states such as Assam, Tripura and Rajasthan for setting up IIIT in the PPP mode.