Bangalore, a hub of some of the best research and training institutes, will get another premier organisation, Fiscal Policy Institute (FPI), by November this year.
An initiative of the State government, the institute will assist government officials in learning taxation policies and public financial management among other related subjects.
The institute, which has come up on a sprawling 5.2 acres at Kengeri, will likely be inaugurated on November 1. The Public Works Department has spent about Rs 25 crore for constructing the campus with seven buildings, including learning and residential facilities.
The FPI has been allocated Rs 10 crore in this year’s budget. Billed as a first-of-its-kind institute in the country, the building has seven learning rooms, two conference rooms, an e-learning studio, a board room, a library and an auditorium, besides residential facilities for the faculty and a 150-room hostel. P R Devi Prasad, Director, FPI, said the institute would be positioned as the ‘first-point reference centre’ for consultancy.
It will also serve as a centre for excellence in South-East Asia, he added.
There are 15 faculty members drawn from the Centre and the State governments, in addition to private sector, to function as trainers.
The government may have to spend a maximum of Rs 3,000 per nominee a day for a single training session, Prasad said.
