Indian Institute of Information Technology Vadodara inaugurated

Gandhinagar, 5 August 2013

Education minister today morning inaugurated the Indian Institute of Information Technology Vadodara in Gandhinagar. The state government, in collaboration with the central government and an industry partner, has set up this institute on the public-private partnership (PPP) model.

Indian Institute of Information Technology, Vadodara (IIIT Vadodara) is established to cater to the emerging needs and opportunities and meet economic challenges being thrown by the incessant IT revolution. It is setup as a Not for Profit Public Private Partnership (PPP)model. It is a major initiative taken by Government of Gujarat to harness the multifarious dimension of IT Industry. DA-IICT is the mentor institute for IIIT Vadodara. Institute began its classes from Government engineering college, sector 28 Gandhinagar, Gujarat.

While 50 per cent of the total cost is contributed by the Centre, 35 per cent is contributed by the state and the rest by the industry partners(GSFC, GERMI, TCS 5% share each). The state provides the 50 acre land free of cost. The participating industries also contribute towards research laboratories, internships, faculty chairs etc. from time to time. Any escalation in the cost estimates is arranged by the private partners.

The Centre also provides recurring expenditure of Rs 10 crore per annum for the first four years from the commencement of the institute. The institute is expected to meet its entire operating expenditure within five years of commencing its operation. The Centre provides monetary assistance for faculty development.