Now an IIT with a PPP model

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IIT Nagpur will be started on a public-private partnership (PPP) model and will come up on 39.96 hectare land behind Sutgirni, off Wardha Road, about 20km from city.

Nagpur will soon boast of an IIT campus. After a long wait, the HRD ministry finally approved of the esteemed institution to be opened in the State. The news was announced by chief minister Devendra Fadnavis on twitter. The state has already received an approval letter from HRD ministry.

Gulabrao Thakre, joint director of technical education, has played a key role in coordinating for IIT.

A statement issued by him announced that the ministry is yet to announce the beginning of the first academic session. However, the institute might have permanent campus in the next two years. The State government is looking at possibilities for temporary arrangement.

Tata Consultancy Services and Nagpur’s ADCC Infocad will hold 7.5 per cent stake each in the institute. An MoU will be signed to allocate the rest of the stakes to the government, with 35 per cent being held by the State and 50 per cent being held by the Centre.

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