Update on the proposed new 20 IIITs
May 9th, 2011
Following is an excerpt from a report by Charu Sudan Kasturi in Hindustan Times.
HRD minister Kapil Sibal had set up the panel under former Infosys human resources head TV Mohandas Pai to recommend for selection of private partners for the project, which was announced in 2008.
… The panel has recommended that only a consortium of between three and five firms be allowed to partner the Centre for each IIIT and individual firms be barred from partnering solo on an IIIT. Both IT and non-IT companies can partner under the Pai panel’s blueprint.
Each industry partner will need to invest at least Rs 2 crore, and the industry consortium must contribute 15% of the funding required for the IIIT, except in northeast states where they need to provide just 7.5% of the funds. The states government will provide 35% of the funds while the Centre will provide the largest chunk — 50% in most states and 57.5% in northeastern states.
Only members of industry bodies like Assocham, Ficci or CII are eligible and public-listed firms, which have been in operation for at least five years will be preferred. The same company can be a part of consortiums running different IIITs.
The private partners — who are expected to benefit from a steady stream of students entering their industry — will have 25% seats in the Board of Governors, under the blueprint.
Entry Filed under: Berhampur-Gopalpur-Hinjilicut area (3),IIIT, Berhampur (proposed),NITs, IIITs