Fifteen Indian Institutes of Information Technology (IIITs) set up under the PPP mode were granted a degree on Wednesday as the Cabinet approved a bill that declares them as institutions of national importance.
Sources said that the Board of Governor (BoG) will be responsible for appointment of the chairperson and directors.
The Indian Institute of Information Technology Public Private Partnership (IIIT-PPP) Bill, 2017 was passed by the Cabinet to “grant statutory status to 15 IIITs set up under the PPP mode and declare them as Institutions of National Importance, to enable them to grant degrees to the students in the academic courses conducted by them”.
The HRD ministry had announced setting up of twenty new Indian Institute of Information Technology (IIITs) across the country under PPP mode, out of which 15 are already functional in Chittor (AP), Guwahati, Vadodara, Kota, Srirangam (Tamil Nadu), Una (Himachal Pradesh), Sonepat (Haryana), Kalyani (WB), Lucknow, Nagpur, Pune, Ranchi, Kottayam, Kurnool (AP) and Dharwad (Karnataka).
The cost of each IIIT is R128 crore and is contributed by the Centre, state government and the industry in the ratio of 50:35:15.