Cabinet nod for 20 IIITs

The IIITs will be set up on a public private partnership (PPP) with the Centre funding 50 per cent of the capital cost, state governments 35 per cent and the rest by the industry.
Each institute is expected to specialise in application of IT skills in one or more domain areas, an official release said.

In case of North-eastern states, the Centre's share will be 57.5 per cent while the industry's contribution comes down to 7.5 per cent.

The decision to set up IIITs was taken at a meeting of the Union Cabinet chaired by Prime Minister Manmohan Singh.

"A sum of Rs 50 crore will also be provided by the Centre for development programme for the faculty of new IIITs as well as existing IIlTs and IISERs," the release said.

During the first four years of setting up each IIIT, the Central government will provide partial support towards the recurring expenditure up to Rs 10 crore for each IIIT depending on actual requirement.