Government has shown green flag and approved Indian Institute of Information Technology (IIIT) Bill paving way for setting up of 20 more such institutes and granting administrative autonomy to them. According to the official sources, the IIIT Bill, 2012 is set to be introduced during the ongoing monsoon session of Parliament. The bill, once enacted, will confer the status of institutes of national importance on IIITs.
It is expected that each IIITs 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. The Cabinet is understood to have allowed PSUs to become partners in establishment of IIITs.
At present, there are four IIITs funded by the central government. These are at Gwalior, Allahabad, Jabalpur and Kancheepuram and are currently categorised as deemed universities.