This is a Bill, which seeks to give IIIT's administrative autonomy and enables setting up of 20 more such institutes, was approved by the Government. According to the sources, The Indian Institute of Information Technology (IIIT) Bill, 2012 is set to be introduced during the ongoing monsoon session of Parliament.
Once enacted, the legislation, cleared by the Union Cabinet, will confer the status of institutes of national importance on IIIT's. The establishment of each IIIT's is expected cost of Rs.128 crore, with the Centre bearing 50% of the cost and the state government concerned 35%. The remaining 15% will be borne by the Industry Partners.
The cabinet is understood to have PSU's to become partners in establishment of IIIT's. At present, there are four IIIT's funded by the Central Government. These are at Gwalior, Allahabad, Jabalpur and Kancheepuram and are currently categorized as deemed universities.
The plan is to establish one IIIT in every state, said the sources. Well, India will soon have IIIT in each of its state The NASSCOM has prepared full-fledged report on establishing these new IIIT.
According to the NASSCOM report, the state government has to provide 100 acres of land at free of cost. The budget fixed for establishing one IIIT is fixed at Rs. 30 crores. The state has to provide a maximum of Rs.14.9 crores and similarly the private companies contribution should be minimum of Rs. 15.1 crores. Further the state government has to provide Rs. 100 crores to manage the institution.
The repayment of this amount should be done in 10 years. The salary of IIIT Professors would be fixed based on the individual capacity. Well, India will soon have IIIT in each of its state.