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IITs Estimate Cost of Improving Global Rankings: Rs. 22,000 Crore

By - | November 15, 2016 11:48 AM | 2 minute read
IITs Estimate Cost of Improving Global Rankings: Rs. 22,000 Crore
Highlights: According to the report submitted by IITs, it would cost Rs. 22,000 crore to the government over a span of five years.

Indian Institutes of Technology (IITs) have submitted an estimated cost to the government regarding ‘Project Vishwajeet’, an initiative of HRD Ministry which aims at catapulting the IITs to the top league of global academic rankings. According to the report submitted by IITs, it would cost Rs. 22,000 crore to the government over a span of five years.

Also read: - PSUs to Recruit Students from IITs after Two Years

Directors of seven IITs including Madras, Roorkee, Delhi, Kanpur, Mumbai, Kharagpur and Guwahati met the officials of HRD Ministry on October 20, 2016, and sought Rs. 21,870 crore as an investment to improve their infrastructure, international outlook, faculty and research facilities to break into top 100 club of global university rankings by 2018 and top 50 by 2020.

Also read: - Indian Universities Should be Among Top 100 in Global Rankings: Narendra Modi

The estimated budget projected by seven IITs are listed below:-

Name of the Institute Estimated Budget
Indian Institute of Technology, Bombay Rs. 2,250 crore
Indian Institute of Technology, Kanpur Rs. 2,250 crore
Indian Institute of Technology, Delhi

Rs. 2,400 crore

Indian Institute of Technology, Guwahati Rs. 2,695 crore
Indian Institute of Technology, Madras Rs. 2,800 crore
Indian Institute of Technology, Kharagpur Rs. 3,700 crore
Indian Institute of Technology, Roorkee Rs. 5,500 crore

The directors of the institutes mentioned that the government felt that the estimated budget was too much and advised to find the alternate ways of raising funds. Currently, the government is studying the submitted proposals and has not responded so far. However, it is high time for the government to provide funds to seven old IITs for the improvement of infrastructure and other facilities.

IITs Estimate Cost of Improving Global Rankings: Rs. 22,000 Crore | CollegeDekho
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