The cabinet committee on economic affairs approved a collaborative project with the Government of Japan last week, which will help the IIT Hyderabad in developing research facilities.
The project has been approved under the Official Development Assistance (ODA) loan from the Government of Japan and grants from the Ministry of Human Resource Development (MHRD). The collaboration was invited during Prime Minister Manmohan Singh’s visit to Japan this year. The collaboration would enhance the value addition between the academics of Japan and students of IIT Hyderabad, through mutual interactions.
The project will cost Rs 1,776.50 crore, which will be partly funded under the Official Development Assistance (ODA) loan given by the government of Japan and partly by grants given by the MHRD. The ODA loan will be Rs 1,501.72 crore and government grant amounts to Rs. 274.78 crore, which would be funded gradually from 2013 to 2017.
It is expected that the collaboration would enhance cooperation between the two nations in the area of science and technology and Human Resource Development. It will also improve the infrastructure facilities in IIT Hyderabad.
About IIT Hyderabad
The IITH is one of the eight new IITs established by the Centre in 2008 at an estimated cost of Rupees 760 crore based on Cabinet approval in July 2008. IITH has ten engineering departments, three science departments and one liberal arts department. IITH offers undergraduate B.Tech degrees in seven disciplines of Engineering and M. Tech degrees in eight disciplines of Engineering. IITH boasts of around 100 faculties belonging to science and engineering departments.