Cabinet approves Revised Cost Estimates for establishment of 8 New IITs

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Revised Cost Estimates for establishment of eight New IITs at Bhubaneswar, Gandhinagar, Hyderabad, Indore, Jodhpur, Mandi, Patna and Ropar. The revised Cost Estimate is Rs. 13,990 crore for establishment of eight new IITs over a period of 11 years from 2008-09 to 2018-19. The original project cost was Rs. 6080 crore. The increase in expenditure due to escalation in both time and cost overrun is Rs. 7910 crore.

The student strength in each IIT at the end of the project will be 2360. The total student capacity would be 12880 in these eight IlTs by the end of the 11th year i.e. March, 2019.

The direct beneficiaries in terms of numbers would be about 12880 students. However, indirectly the eight new IITs would be expected to bring about quantitative and quality growth in the areas of research, publication of books and research papers, registered patents / trademarks / designs, quality improvement programmes. These institutes would also meet the emerging needs of the industry and the economy as a whole, for skilled technical manpower is expected to be met from the talent pool of trained personnel of these new institutions.