As per the Central Government's initiative of Academic Network (GIAN) programme now has 20 Nobel Laureates and proposals from 800 foreign academicians for appointment to faculty of renowned institutes like IIMs and IITs.
The GIAN programme will invite academicians, scientists, experts and entrepreneurs from the top ranking organisations all over the globe to be part of the faculty in higher education universities in the country.
A payment of approximately Rs 7,55,000 will be provided to these international faculty members for teaching a 20-day session and Rs 5,03,300 for teaching a 15-day session.
80 centrally funded institutes have recommended the names of academicians from all over the world. These recommendations are being reviewed. Professors have forwarded their interest in the programme via foreign embassies of their countries.
The programme is set to introduce foreign faculty to IITs, IIMs, NITS, central universities and institutes with an 'A'grade for now.
Initially, the programme was designed for an Indo-US joint venture but was later taken on to include several other countries.
India's proposal of inviting almost 1,000 US-based academicians annually as teachers has been agreed upon by the US.
The serious faculty shortage is evident in the renowned institutes of the country. Several policies have been made by the Ministry of Human Resource Development and the government so as to handle this issue.