The Union Cabinet has cleared a Bill which seeks to give Indian Institutes of Information Technology (IIITs) administrative autonomy and enables setting up of 20 more such institutes in the country by partnering with the public sector undertakings.
The Indian Institute of Information Technology (IIIT) Bill, 2012, is likely to be introduced during the ongoing monsoon session of Parliament. Once enacted, the proposed legislation will confer the status of institutes of national importance on IIITs.
As of now, there are four IIITs funded by the Central Government. These are at Gwalior, Allahabad, Jabalpur and Kancheepuram and are currently categorised as deemed universities.
The establishment of each IIIT is expected cost Rs. 128 crore, with the Centre bearing 50 per cent of the cost and the State Government concerned 35 per cent. The remaining 15 per cent will be borne by industry partners.