Odisha HRD

Rajiv Gandhi Institute of Petroleum Technology (RGIPT) in UP : Some details

February 20th, 2008

Following are excerpts from a PIB release on this.

In a significant development towards setting up a world- class petroleum technology institute in India, Smt Sonia Gandhi, Member of Parliament and UPA Chairperson laid the foundation stone of Rajiv Gandhi Institute of Petroleum Technology (RGIPT) at Jais, near Raebareli in Uttar Pradesh on 20th February 2008. The Ministry of Petroleum and Natural Gas piloted the enactment of the Rajiv Gandhi Institute of Petroleum Technology (RGIPT) Act 2007 with a view to incorporate RGIPT as an ‘Institute of National Importance’ under an Act of Parliament having a governance structure as well as legal empowerment to grant degrees in a manner similar to that enjoyed by the IITs.

…The total estimated capital cost of the project is Rs.435 crore which would be met partially through budgetary support of Rs. 285 crore and Rs.150 crore from Oil Industry Development Board. The total estimated recurring expenditure of Rs. 260.58 crore would be met from the accrual of interest on Endowment Fund of Rs. 250 crore to be created with the contribution of Oil Public Sector Undertakings (PSUs), student fees, donations and other earnings of the Institute through Research & Development, consultancies, students’ placement fees, etc. The Institute is envisaged to be self sufficient and self-reliant by the year 2015-16.

… The Institute will commence its academic operations by admitting students from the academic year 2008-09. To start with, there will be two undergraduate courses namely B. Tech. in Petroleum Production & Reservoir and B. Tech. in Petroleum Refining and one MBA course on Petroleum Management. The Institute will become fully operational in 2015-16and would have 7 B. Tech, 6 Integrated Masters Degrees, 8 M.Tech/MBA and 12 PGD and Ph.D programmes.

It is proposed that RGIPT would have a high degree of autonomy in terms of its academic, administrative and financial functioning. RGIPT would have legal empowerment in its own right to enable it to grant degrees and other academic distinctions and titles. Furthermore, it is envisaged that RGIPT would enjoy the patronage and support of the Ministry of Petroleum & Natural Gas, Government of India. It is in the interest of the nation that the Government nurture the Institute in its nascent and crucial stage of development to enable the Institute to launch and run its programmes without compromise and set up world-class infrastructure while offering courses of a high standard. According RGIPT the status of the “Institute of National Importance”, is expected to help attract eminent faculty members and meritorious students to the Institute.

Entry Filed under: Odisha, others and the center