IIT-M & Amity University To Set Campus In New York

Indian Institute of Technology, Mumbai (IIT-M) and Amity University (Noida Campus) together have endured a recommendation in order to set up a Science And Engineering campus in New York. The in-charge says that IIT-M and Amity are among Indian Institutes to have offered the bids. Not just one, but recently New York has received 7 Proposals from 17 institutions across the globe for setting up engineering and Technology campuses in New York.

The best institute among the 7 proposals will be announced and displayed in January. The institute will be called out only after evaluating each of them extensively. According to a source, only those colleges will be selected which projects greatest benefits to the city and its taxpayers. Also, the institute selected for launching a campus under the initiative of 'Applied Sciences NYC' will be accorded with a free city land and a capital of USD 100 million to invest in the project.

IIT-M is a part of an association that includes New York University, UK’s University of Warwick, University of Toronto, City University of New York and Carnegie Mellon. The association has offered a proposal for setting up a centre for urban science and research in downtown Brooklyn for more than 500 graduate students. According to the sources, the main objective of setting up an engineering and applied sciences campus in New York is to expand and strengthen the economic growth of the city and to attract the most dynamic recruiters of the world for hiring the best minds.

Proposals were invited in the month of July and the proposals for setting a new campus included ranges from 400,000 sq-ft to over two million sq-ft. It has been suggested that these proposals contain private investment of more than $800 million by the institutes in the first phase of their project, which can be later stretched to around 2.5 billion in the long-term process.