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Govt junks Rs 8700cr-funding project to IITs even as its global ranking slips

  • calendar 07-Sep-2017
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Govt junks Rs 8700cr-funding project to IITs even as its global ranking slips

A scheme aimed at allocating around Rs 8,700 crore to seven top Indian Institutes of Technology (IITs) as part of ongoing efforts to enhance their global standing has been turned down by the finance ministry. The rejection of the Vishwajeet project – proposed by the human resources development ministry – comes as a setback to the premier technological institutes, which slipped further in worldwide rankings this year The IITs were supposed to use the funds (Rs 1,250 crore each over a five-year period) to upgrade their infrastructure, hire foreign faculty members, tie up with international institutions and adopt a host of other measures for improving their QS and Times global institution rankings.


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