Japan has entrusted to grant Rs.313.62 crore for the development of Indian Institute of Technology, Hyderabad(IIT-Hyderabad). An agreement has been signed between Indian government and Japan for 132.645 billion Yen (Rs.7,802.17 crore) as part of the official development assistance (ODA) loan package to fund four development projects in India.
The four projects in a row are development of the Indian Institute of Technology (Hyderabad) campus (Rs.313.62 crore), Tamil Nadu transmission system improvement project (Rs.3,572.73 crore), Rajasthan rural water supply and fluorosis mitigation project (Rs.2,211.52 crore), and Delhi water supply improvement project (Rs.1,704.30) crore.
The IIT Hyderabad is a public university located in Medak district of Andhra Pradesh. It is presently running from a temporary campus located at Ordnance Factory Medak’s estate in Yeddumailaram village, while the permanent campus in Kandi being constructed.
The present campus is the eighth new Indian Institutes of Technology (IITs) established by the Ministry of Human Resource Development, Government of India under The Institutes of Technology (Amendment) Act, 2011 which declares these eight IITs as well as the conversion of Institute of Technology, Banaras Hindu University to IIT. The Act was passed in the Lok Sabha on 24 March 2011 and by the Rajya Sabha on 30 April 2012.
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