Financial assistance up to Rs 1 lakh cr over next 4 years to IITs, NITs: MoS HRD

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NEW DELHI: Institutes like IITs should find a place in the 100 top global institutes of higher learning, said the Minister of State for HRD, Government of India Satya Pal Singh in his address at the 6th Convocation of IIT Bhubaneswar.
This issue, the minister added, needed multiple attention like international students and faculty presence in Indian institutes, research and innovation at par with the best institutes in the world, physical facilities second to none, etc.
Congratulating the 295 graduating students, and their parents and teachers, the minister said India was counting on bright young minds to help in nation building for a New India as envisioned by India’s prime minister, Narendra Modi. “India is in the threshold of fourth industrial revolution to be ushered in by advancements in Robotics, Virtual Reality, Cloud Technology, Big Data, Artificial Intelligence and other technologies,” he added.
Singh informed that his ministry was committed to greater quality and excellence in technical education.
The ministry has launched Revitalising Infrastructure Systems in Education (RISE), which aims to provide financial assistance up to Rs 1 lakh crore over a period of 4 years to IITs, NITs, IISERs.
The minister lauded the research work in IIT Bhubaneswar undertaken on wide range of topics from fundamentals to applied areas of immense importance specifically utilisation of industrial waste for developing environmental friendly geo-polymer concrete using red mud and fly ash which could be useful in making eco-friendly buildings, bridges, roads and other long-lasting physical assets.