TCS roped in for IIIT projectEditorial Team119|1Last Updated:02:43 pm, May 29, 2012
IT firm Tata Consultancy Services (TCS) has been roped in by the state government, its industry partner, to set up the country’s fifth Indian Institute of Information Technology (IIIT).
Ministry of Human Resource Development (HRD) suggested the state to take up the project on the Public-Private Partnership (PPP) model.
The Institute is likely to come up near Vadodara and a formal announcement about the exact site would be made soon.
The estimated cost of the project is Rs 130 crore, 50 per cent of which is likely to be paid by the Centre, 35 per cent would be contributed by the state and the rest by the industry partner.
The state will provide land free of cost, the participating industry would also contribute towards research laboratories, internships, faculty chairs for IIIT.
The government will also provide recurring expenditure of Rs 10 crore per annum for the first four years from the commencement of the institute.
Allahabad, Gwalior, Jabalpur and Kanchipuram have an IIIT each, offering undergraduate as well as postgraduate courses.
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