Very soon Indian information technology majors like Tata Consultancy Services, Infosys Technologies and Wipro could be running their own Indian Institutes of Information Technology. Most top infotech companies operating in India were in talks with industry body Nasscom for facilitating such institutes, officials in Nasscom said.
Last week, Nasscom presented a detailed report to the Ministry of Human Resources Development (MHRD) to establish 20 new Indian Institutes of Information Technology (IIITs). “All infotech companies are keen on investing in these institutes. They will invest 70 per cent of the funds while the government can bring in 30 per cent, mainly as land. The institutes would run as self-sustaining organisations generating funds and appointing their own faculties,” Nasscom Vice-President Rajdeep Sahrawat told Hindustan Times.
Infotech majors like Google and Yahoo were set up within Stanford University and expectations are these Indian Institutes of Information Technology could spawn companies of their own.
Each Indian Institute of Information Technology will be autonomous, through the public-private partnership (PPP) model, offering under-graduate, post-graduate and doctoral research courses. Currently, there are six Indian Institutes of Information Technology.
This partnership is similar to that of the Massachusetts Institute of Technology where the US government funds research programmes. For infotech companies, this means lower training costs that can translate into more profits and more work coming their way.
Infosys, till date, has trained 26,000 students in its training centre in Mysore and T.V. Mohandas Pai, member of the Infosys board, said recently that software companies were paying for the quality of students churned out by the institute.
With this new blueprint, each Indian Institute of Information Technology has been envisioned to become a world-class academic institute. “To achieve this, we need to attract the best faculty and students, develop linkages with industry and provide an environment conducive for research excellence that need not survive on government grants," said Som Mittal, president, Nasscom.
Further, this will serve the needs of the infotech sector in the country that employs 2 million people. “Addressing the current skills gap is vital for the Indian infotech industry to maintain its growth and employability,” Mittal added.