State invites industries to buy stake in proposed `178-crore IIIT | mumbai | Hindustan Times
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State invites industries to buy stake in proposed `178-crore IIIT

mumbai Updated: Jun 06, 2011 02:08 IST
Dharmendra Jore

The state government has invited public and private sector industries to be a stakeholder in the Indian Institute of Information Technology (IIIT), proposed to come up in the Mumbai-Pune corridor by the next academic year.

On Sunday, the state’s higher and technical education department floated an expression of interest (EoI) bid that will close on June 18.

This IIIT will be one of the 20 that will be set up by the Union ministry of human resource development and will be built on a public-private partnership model.

The IIIT will be built at a cost of Rs178 crore. The Centre will contribute Rs100 crore, the state will contribute Rs50 crore and industry partners will have to pool in the remaining Rs28 crore, with individual contribution of more than Rs2 crore each.

“We are looking for 50-100 acres of land. Many states are in the race, so we will quickly finalise the bids and send the proposal to the Centre. We’re confident that we will get the IIIT working by next academic year,” said Rajesh Tope, higher and technical education minister.

The stakeholder company can be an information technology (IT) or non-IT company. Non-IT companies should have used IT systems extensively and should have experience in promoting IT education. They should have been operational for at least five years and preferably, should be listed companies. Public sector industries from across the country, which have a well-established research and development wing, can also apply. These industries should be members of government-approved industry associations.

The bidders will have to give details of projects/assignments in IT education undertaken in the past five years, manufacturing facilities and manpower. The state has asked bidders to submit their annual audited reports of the last three financial years. Shortlisted industries shall be invited for discussions on the memorandum of understanding required to be signed with the Centre and state governments, said Tope.