Today, In Lok Sabha a bill has been established for 20 IIIT's and also declared the four existing IIIT's as Institutions of National importance.
The IIIT's Bill 2013 stated that, 'The new IIIT's shall we set up under the Public-Private partnership mode, with HRD Ministry, the State Governments where these are to be established and the industry being partners, the Statement of Objects and Reasons of the IIIT's'.
The Bill was hereby introduced by the HRD Minister M.M Pallam Raju. He said "The main objective in establishing IIIT's is to set up a model of education which can produce world-class human resources in the field of Information Technology."
All the existing IIIT's situated at Gwalior, Allahabad, Jabalpur and Kancheepuram are now given the status of 'Institute of National Importance'.
The establishment of each IIIT is expected to cost Rs.128 crore, with the centre bearing 50% of the cost and the State Government bearing 35% where the remain 15% would be borne by the Industry Partners.
An official who is also a part of this act said that it is planned to have one IIIT in each state.