Revised Estimate For 8 New IITs Is More Than Twice The Initial Budget

According to the revised cost estimates to set up the 8 new IITs, turns out to be more than double the initial budget set for the same. The budget increase is claimed to help the institutions bring about quantitative and qualitative growth in research and publications aspects.

The Union Cabinet recently approved the revised cost estimates for setting up 8 new IITs in the country at the following locations at Bhubaneswar, Gandhinagar, Hyderabad, Indore, Jodhpur, Mandi, Patna and Ropar.


The revised estimate budget to set up 8 new IITs is Rs 13,990 crore to be spent over a period of 11 years from 2008-09 to 2018-19.

Also read: IIT JEE To Go International! Held In SAARC Nations, Except Pakistan

The original project cost was Rs 6,080 crore. The increase in expenditure due to escalation in both time and cost overrun is Rs 7,910 crore, an official statement said.

By the end of the 11th year of the project i.e., March 2019, the total student strength in all of these IITs would be 12,880 with 2,360 each.

The direct beneficiaries of this project would be about 12,880 students. The new IITs would however be expected to bring about quantitative and quality growth in the areas of research, publication of books and research papers, registered patents, trademarks, designs and quality improvement programmes.

Revised Estimate For 8 New IITs Is Doubled

"These institutes would also meet the emerging needs of the industry and the economy as a whole, for skilled technical manpower is expected to be met from the talent pool of trained personnel of these new institutions...these institutions will provide research and development atmosphere with sizable infrastructure," the statement said.

In July, 2008, the Union Cabinet had approved establishment of eight new IITs. Each institute was to be established with a total outlay of Rs 760 crore amounting to Rs 6,080 crore for all eight new IITs.

For Quick Alerts
For Daily Alerts

    Select a Field of Study
    Select a Course
    Select UPSC Exam
    Select IBPS Exam
    Select Entrance Exam

    Thousands of Careerindia readers receive our evening newsletter.
    Have you subscribed?

    For great career opportunity, get instant updates on Education, Career & Job

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Careerindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Careerindia website. However, you can change your cookie settings at any time. Learn more