The Government has approved a scheme for setting up 20 IITs in PPP mode with an overall outlay of Rs 2,808.71 crore, the Lok Sabha was told .In a written reply, Union minister of state for HRD Shashi Tharoor said, “While land for the purpose would be made available free of cost by state governments concerned, an IIT would be established at a capital cost of Rs 128 crore each to be contributed in ratio of 50:35:15 by centre, state and industry partner respectively.”
On entry of corporate sector in technical education, he said, “AICTE has allowed public/private limited company/ industries with 100 crore turnover for last three years to establish a new technical institution in engineering and technology, pharmacy, architecture and town planning, hotel management and catering technology.”
These institutes were opened in Andhra Pradesh, Bihar, Rajasthan, Odisha, Madhya Pradesh, Punjab, Gujarat and Himachal Pradesh.
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