3 new IIITs under PPP mode

They will be set up in Assam, Tripura and Rajasthan with the Centre providing a major share of fund under the scheme

The Centre has cleared a proposal to set up three new Indian Institute of Information Technologies (IIITs) under the Public-Private Partnership (PPP) mode.

The IIIT's will come up in Assam, Tripura and Rajasthan which had sent proposals to the HRD Ministry under the PPP scheme.

The capital cost of each IIT would be about 128 crore rupees in which Centre will contribute 50 per cent, State Government will contribute 35 per cent and the industry will share 15 per cent.

For the North East, the industry participation for capital expenditure will be 7.5 per cent, while the Central Government participation will be 57.50 per cent and state government's at 35 per cent.