CCEA gives nod to IIT-H’s project with Japan
The Cabinet Committee on Economic Affairs has approved the ‘collaboration of IIT-Hyderabad and Japan’– a joint project which aims at value-addition for the institute, along with an academic and industry interface between the institute and Japan. The project will be carried out via an Official Development Assistance (ODA) loan from the Japanese government and the Union HRD Ministry.
Project cost: The project cost of Rs. 1,776.50 crore will be met through the ODA loan of Rs. 1,501.72 crore, while the balance of Rs. 274.77 crore will be endured by grants from the HRD Ministry over a period of four years between 2013—14 and 2016—17.
How would the ‘Collaboration of IIT-Hyderabad and Japan’ project help?
The project would add value through collaborative interactions between academics and with the industry of Japan and by exchange of students and faculty. This will enhance cooperation between the two countries in the field of science and technology and human resource development. The project would also help create of a number of basic infrastructure facilities and faster scaling up of the IIT with benefits for the Indian economy.