IITs Estimate Cost of Improving Global Rankings: Rs. 22,000 Crore
According to the report submitted by IITs, it would cost Rs. 22,000 crore to the government over a span of five years.
Indian Institutes of Technology (IITs) have submitted an estimated cost to the government regarding ‘Project Vishwajeet’, an initiative of HRD Ministry which aims at catapulting the IITs to the top league of global academic rankings. According to the report submitted by IITs, it would cost Rs. 22,000 crore to the government over a span of five years.
Also read: - PSUs to Recruit Students from IITs after Two Years
Directors of seven IITs including Madras, Roorkee, Delhi, Kanpur, Mumbai, Kharagpur and Guwahati met the officials of HRD Ministry on October 20, 2016, and sought Rs. 21,870 crore as an investment to improve their infrastructure, international outlook, faculty and research facilities to break into top 100 club of global university rankings by 2018 and top 50 by 2020.
Also read: -Indian Universities Should be Among Top 100 in Global Rankings: Narendra Modi
The estimated budget projected by seven IITs are listed below:-
| Name of the Institute | Estimated Budget |
| Indian Institute of Technology, Bombay | Rs. 2,250 crore |
| Indian Institute of Technology, Kanpur | Rs. 2,250 crore |
| Indian Institute of Technology, Delhi | Rs. 2,400 crore |
| Indian Institute of Technology, Guwahati | Rs. 2,695 crore |
| Indian Institute of Technology, Madras | Rs. 2,800 crore |
| Indian Institute of Technology, Kharagpur | Rs. 3,700 crore |
| Indian Institute of Technology, Roorkee | Rs. 5,500 crore |
The directors of the institutes mentioned that the government felt that the estimated budget was too much and advised to find the alternate ways of raising funds. Currently, the government is studying the submitted proposals and has not responded so far. However, it is high time for the government to provide funds to seven old IITs for the improvement of infrastructure and other facilities.