The state government, in collaboration with the central government and an industry partner, is setting up a highly advanced Indian Institute of Information Technology (IIIT) near Vadodara at an estimated cost of Rs 130 crore on the public-private partnership (PPP) model.
Highly placed sources in the government said the institute is one of the 20 centres planned to be established by the Ministry of Human Resources Development (HRD) across the country by 2020, and at least five of it by 2014. The objective of setting up the advanced institute is to address challenges faced by the IT industry and produce the best quality human resource in the sector to match the global competition.
Gujarat is reported to be the first state to give a favorable response to the Ministry and begun the process for its implementation. The government, sources say, is looking for 50 acres of land for the project near Vadodara. The state Education department is preparing a detailed project report to ensure its early implementation.
While 50 per cent of the total cost would be paid by the Centre, 35 per cent would be contributed by the state and the rest by the industry partner. The state would provide the land free of cost. The participating industries would also contribute towards research laboratories, internships, faculty chairs etc. from time to time. According to sources, any escalation in the cost estimates would be arranged by the private partners.
The Centre will also provide recurring expenditure of Rs 10 crore per annum for the first four years from the commencement of the institute. The institute is expected to meet its entire operating expenditure within five years of commencing its operation. The Centre will provide monetary assistance for faculty development.
This will be the second IT institute in the state, the first being Dhirubhai Ambani Institute of Information and Communication Technology.